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
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
Nota
See..…GOLD…..made a low@1710.10 range again yesterday also.....against short@1725.50-1727.90 range yesterday on few hours ago.....see yesterday's short call 1st---what next???S1 $1700.00
R1 $1750.00….GOLD.....TODAY.......
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.