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HIREN GARASONDIA—–GOLD—-MAY 13 REVIEW (INTRADAY STRATEGY FOR GOLD) 1 FREE TRIAL CALL

Gold: May 13 review (Intraday strategy for Gold)
 
Technical Review:
 
Gold prices traded $1725.50 range at morning US hours.
 
In last few days, Gold prices traded sideways directions. If Gold holds above $1735.50(Last Friday’s high) level, we will expect some more rise till $1745.80(Two week high), while on the opposite direction if prices break below $1701.75(Today’s low) range, we will see down trend $1683.90(Last week low).
 
But for trading point of view book some profit @New low and major support level is $1666.20(21st April low). If break this level, for long term TGT Gold will touch $1620.00 range (50% Fibonacci).
 
Intraday strategy for Gold is given below:
 
Entry point – $1725.50 – $1727.90
 
And keep R1 $1735.50
 
And wait S1 $1701.75
And wait S2 $1693.80
And wait S3 $1683.90
 
https://www.tradingview.com/chart/GCM2020/hJ1bau5F-Gold-May-13-review-Intraday-strategy-for-Gold/
 
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About hiren_garasondia

About me--HIREN DHANJIBHAI GARASONDIA, SEBI registered research analyst from India(8+ years of experience). I am posting regularly on many trading sites. About calls--Intraday and holding calls in commodities segment(Gold and Silver) and currency segment(EU, GU, UJ and DX). Our main strategy is to provide good accuracy level. Please work with strict SL for short term TGTS. Our main focus are on USD, Gold and Silver calls. Please thoroughly analyze our post before trade. We will make sure that you have landed up at the right place. For more information, +91-972-516-7675(WhatsApp)
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