Gold futures, December contract reached almost $1800.00 and made a session's high@1797.35 range today after US open. After released US CPI data, Gold prices zoomed and made a last 15 days high.
People believes in safe heaven demands as Gold and Silver at this type of financial and inflation related situations.
Last week's US non farm payrolls and Fed's taper timeline once again in action that's why Gold prices was raised.
Expectations of some profit booking in this week at higher levels in Hedge funds like Gold and Silver.
INTRADAY AND WEEKLY TRADING STRATEGY FOR GOLD.....
Sell Gold $1797.00-$1800.00 range(December-Future)
SL $1810.60(14 Sep high)
Tgt1 $1777.00
Tgt2 $1767.00
Tgt3 $1757.00(Today's low)
People believes in safe heaven demands as Gold and Silver at this type of financial and inflation related situations.
Last week's US non farm payrolls and Fed's taper timeline once again in action that's why Gold prices was raised.
Expectations of some profit booking in this week at higher levels in Hedge funds like Gold and Silver.
INTRADAY AND WEEKLY TRADING STRATEGY FOR GOLD.....
Sell Gold $1797.00-$1800.00 range(December-Future)
SL $1810.60(14 Sep high)
Tgt1 $1777.00
Tgt2 $1767.00
Tgt3 $1757.00(Today's low)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.