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HIREN GARASONDIA—GOLD AND SILVER COMEX REVIEW–ARE U READY?..MORE INFO,+91-972-516-7675

Gold: October 31 review

US -China trade deal reached doubt conditions due to uncertainty at Chile. Chinese authority given blame to Trump’s comments. Due to civil war conditions at Chile, phase 1 solutions will be reached in unexpected zone.

US Fed reserve cut its rate to 0.25 basis points of 1.50% to 1.75% yesterday.

As per latest uncertainty in Chile also given slightly impact for precious metals like Gold and Silver.

Gold prices made a low almost $1483.45 range yesterday after release Fed data and washed out all profit yesterday. Traders also keep an eye continue to $1510+ in Gold today.

We will expect some positive news this week regarding US-China trade deal from US sides.

Gold futures, December contract traded $1510.00 range, +0.91% up at early US hours.

By 7.10 AM ET, Dow 30 futures, December contract traded -82 points, down 0.29%.

All Asian and European futures traded flat to negative today due to uncertainty of trade war tensions. Before US bell rang, US dollar index futures, December contract traded $97.050 range, -0.42% down against all major currencies.

Expectation of profit booking in Hedge funds like Gold and Silver in this week.

For intraday and weekly strategy for Gold given below.

Entry point – $1510.00 – $1512.50

And keep R1 $1524.90

And wait S1 $1492.00
And wait S2 $1488.00
And wait S3 $1482.00

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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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