Gold: December 13 review
Global indices jumped today after yesterday's positive sign for US-China trade decisions.
US president, Donald Trump tweeted yesterday that we are very close for phase one trade deal between world's two leading economies, US-China.
After the news released, precious metals markets crashed and gold made a low $1466.20 range today.
All Asian and European indices traded above +1.2% today due to positive sign for the trade deal. And a strong majority would give to Johnson's conservative party to support the pass of Brexit deal at the parliament soon.
The pound was to open sharply higher against the USD and EUR to 2.2% and 1.7% respectively.
By 12.45 PM GMT, Dow 30 futures, December contract traded +90 point, up 0.32% at early US hours.
Palladium prices reached a record high $2000.00+ an ounce today due to trade deal and mining disruption at South Africa, a major producer country of it.
By 07.45 AM ET, US Dollar index futures, December contract traded $96.863 range, down -0.53%. And made a low $96.715 range today which was almost four and a half month low against all leading currencies.
Gold futures, February contract traded $1479.50 range, up 0.51% and made a low $1466.20 today.
Chinese Yuan also made a four and a half month high against US Dollar today due to hopes for two sides from trade negotiations. We will expect Chinese authority to given some positive news for trade deal soon.
Expectation of profit booking in hedge funds like Gold and silver today.
Before US open, for intraday strategy for Gold is given below.
Entry point - $1479.50- $1481.00 range
And keep R1 $1492.00
And wait S1 $1465.00
And wait S2 $1460.00
And wait S3 $1455.00
Global indices jumped today after yesterday's positive sign for US-China trade decisions.
US president, Donald Trump tweeted yesterday that we are very close for phase one trade deal between world's two leading economies, US-China.
After the news released, precious metals markets crashed and gold made a low $1466.20 range today.
All Asian and European indices traded above +1.2% today due to positive sign for the trade deal. And a strong majority would give to Johnson's conservative party to support the pass of Brexit deal at the parliament soon.
The pound was to open sharply higher against the USD and EUR to 2.2% and 1.7% respectively.
By 12.45 PM GMT, Dow 30 futures, December contract traded +90 point, up 0.32% at early US hours.
Palladium prices reached a record high $2000.00+ an ounce today due to trade deal and mining disruption at South Africa, a major producer country of it.
By 07.45 AM ET, US Dollar index futures, December contract traded $96.863 range, down -0.53%. And made a low $96.715 range today which was almost four and a half month low against all leading currencies.
Gold futures, February contract traded $1479.50 range, up 0.51% and made a low $1466.20 today.
Chinese Yuan also made a four and a half month high against US Dollar today due to hopes for two sides from trade negotiations. We will expect Chinese authority to given some positive news for trade deal soon.
Expectation of profit booking in hedge funds like Gold and silver today.
Before US open, for intraday strategy for Gold is given below.
Entry point - $1479.50- $1481.00 range
And keep R1 $1492.00
And wait S1 $1465.00
And wait S2 $1460.00
And wait S3 $1455.00