Gold: June 24 review (Intraday and weekly review)
Updated
Gold: June 24 review.
Gold prices had made a more than 8+ years high today at morning Asian sessions and prices reached $1791.50 range(August contract).
Second wave of Covid-19 concerns, trade war tensions between US-China and Global economy uncertainty will given positive sign for hedge funds.
US treasury Secretary, Steve mnuchin said yesterday that US is planning to add another stimulus packages in next month to recover the economy at this time of Corona-virus situations. After this news, Dow 30 was traded +300 points up yesterday.
Expectation of profit booking in hedge funds like Gold and Silver in this three days. we will see more than -2.20% down trend in Gold and Silver this week.
Technical Review:
Gold prices break $1789.00 range(14 April's high) today.
Above $1791.50 range, we will expect $5 up trend in Gold, but for trading point of view keep max resistance level $1811.50 and short precious metals at every high levels.
And on the down side, we will expect more than -2.20% down in Gold($1759.00-yesterday's low) range, and if prices break below this level, we will see $1753.50(Monday's low) range. and if weekly close this level, wait down trend till $1706.20(last week's low).
But for long term strategy(Max 07-10+ days) in Gold, we will expect more than -$85.00 negative trend from the current level.
Intraday and weekly strategy for Gold is given below....
Entry point - $1791.50 - $1794.90 range
And keep R1 $1811.50
And wait S1 $1759.00
And wait S2 $1753.50
And wait S3 $1706.20
Disclaimer-Trading in gold and silver market are subject to market risks. We doesn’t bear any responsibility for any trading losses.❤️
Gold prices had made a more than 8+ years high today at morning Asian sessions and prices reached $1791.50 range(August contract).
Second wave of Covid-19 concerns, trade war tensions between US-China and Global economy uncertainty will given positive sign for hedge funds.
US treasury Secretary, Steve mnuchin said yesterday that US is planning to add another stimulus packages in next month to recover the economy at this time of Corona-virus situations. After this news, Dow 30 was traded +300 points up yesterday.
Expectation of profit booking in hedge funds like Gold and Silver in this three days. we will see more than -2.20% down trend in Gold and Silver this week.
Technical Review:
Gold prices break $1789.00 range(14 April's high) today.
Above $1791.50 range, we will expect $5 up trend in Gold, but for trading point of view keep max resistance level $1811.50 and short precious metals at every high levels.
And on the down side, we will expect more than -2.20% down in Gold($1759.00-yesterday's low) range, and if prices break below this level, we will see $1753.50(Monday's low) range. and if weekly close this level, wait down trend till $1706.20(last week's low).
But for long term strategy(Max 07-10+ days) in Gold, we will expect more than -$85.00 negative trend from the current level.
Intraday and weekly strategy for Gold is given below....
Entry point - $1791.50 - $1794.90 range
And keep R1 $1811.50
And wait S1 $1759.00
And wait S2 $1753.50
And wait S3 $1706.20
Disclaimer-Trading in gold and silver market are subject to market risks. We doesn’t bear any responsibility for any trading losses.❤️
Note
TGT1+2🎯 hitted in Gold🎯 and Silver🎯🎯 again today also.......-1.20% in Gold🎯 and -4.4% in Silver🎯🎯....down again today also---see today's Gold and Silver short call on few hours ago......
See..…GOLD…..made a low@1775.55🎯 range again today also…..against short@1794.90-1796.00 range again today also on few hours ago......see today's short call 1st….what next???😳
S1 $1759.00
R1 $1800.00……GOLD…..TODAY…..
See..…SILVER…..made a low@17.453🎯🎯 range again today also…..against short@18.100-18.150 range again today also on few hours ago......see today's short call 1st….what next???😳
S1 $17.000
R1 $18.100……SILVER…..TODAY…..
Disclaimer-Trading in gold and silver market are subject to market risks. We doesn’t bear any responsibility for any trading losses.❤️
Note
Tgt1 👍🎯Note
TGT1+2+3 in Gold.....and TGT1+2+3 in Silver.....Today...-2.00% in Gold......and -4.00% in Silver down today in few hours....
See..…GOLD…..made a low@1770.75🎯 range again today also…..against short@1807.50-1809.90 range again today also on few hours ago......see today's short call 1st….what next???😳
S1 $1750.00
R1 $1809.90……GOLD…..
See..…SILVER…..made a low@18.098🎯 range again today also…..against short@18.800-18.840 range again today also on few hours ago......see today's short call 1st….what next???😳
S1 $17.500
R1 $18.840……SILVER…..
Disclaimer-Trading in gold and silver market are subject to market risks. We doesn’t bear any responsibility for any trading losses.❤️
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