Gold: Intraday and weekly review

Gold: May 20 review (Intraday strategy for Gold )
Technical Review:
Gold prices traded $1755.50 range at morning Asian hours.
In last few days, Gold prices traded in both directions like up side and down side. Prices not break below support and resistance levels. If Gold holds above $1749.50 level, we will expect some more rise $7-10, and keep near R1 1764.20(23.6% Fibonacci level). but max resistance level $1775.80(Weekly high), while on the opposite direction if prices break below 20SMA $1719.88. We will see down trend $1692.10(Last week low).
But for intraday trading point of view, make short positions in Gold at cmp.
Expectation of Gold market down more than -2% today from current levels.
Intraday strategy for Gold is given below:
Entry point - $1755.50 - $1758.00
And keep R1 $1775.80
And wait S1 $1719.88
And wait S2 $1700.00
And wait S3 $1692.10
Intraday and Weekly Gold view: Negative trend.

See..…GOLD…..made a [email protected] range again today also.....against [email protected] range yesterday on few hours ago......see yesterday's short call 1st---what next???

S1 $1719.88
R1 $1758.00….GOLD.....TODAY....

See…SILVER….made a [email protected] range again today also.......against [email protected] range yesterday on few hours ago.......see yesterday's short call 1st----what next???

S1 $17.125
R1 $18.190…..SILVER......TODAY....

Gold: May 26 review (Intraday and STBT strategy)

Fundamental review:

Gold prices was quoting $1736.50 range, up +0.03% or +$1 at morning Asian hours.

All Asian indexes were traded positive today due to given sign of re-opening of Global economy. MSCI broader index was traded positive +1.4% today.

Traders will also keep an eye for this Friday's Fed Chairperson Powell's remarks.

Chinese Central banks will provide more monetary stimulus packages and continue to push to lower interest rates which affect boost for their economy.

Expectations of precious metals like Gold and Silver, will keep down trend in next few sessions due to some hopes of positive signals for Covid-19 vaccines.

An American Vaccine development company, Novarax's face - 2 trail will take place in several developed countries.

Technical review:

Gold prices traded $1666.20-$1788.80 range in last six weeks.

The next area of attention is below $1720.40(20days SMA). below this level, near term S2 $1715.30(last week's low) but major support level is $1692.10(15 days low).

On the opposite directions, if Gold prices traded above $1742.00(last Friday's High), we will expect more $7-10 rise, but near term R1 $1775.80(last week high) and major resistance level $1788.80(Lifetime high).

According to me, for intraday and STBT point of view, more than -2% to 3.5% down trend in Gold and Silver this week.

Before European markets open, trade max lot size and make sell positions in Hedge funds.

Intraday and weekly strategy for Gold is given below:

Entry point - $1736.50 - $1739.90

And keep R1 $1757.60

And wait S1 $1720.40
And wait S2 $1715.30
And wait S3 $1692.10

Near term range (weekly TGT) in Gold - below $1700 June contract.

S1 IN GOLD........HITTED AGAIN TODAY ALSO---SEE TODAY'S SHORT GOLD CALL ON FEW HOURS AGO.....

See..…GOLD…..made a [email protected] range again today also.....against [email protected] range again today also on few hours ago......see today's short call 1st....

What next???

Wait S1 $1666.20(Major Support level) OR
Again R1 $1788.80(Major Resistance level)….GOLD....THIS WEEK....


NO FREE TRIAL/STRATEGY(THIS WEEK)

-2% IN GOLD……..AND -3% SILVER DOWN TODAY—-SEE TODAY'S SELL CALL ON FEW HOURS AGO……

S1+S2 IN GOLD…….AND S1+S2 IN SILVER……TGT HITTED AGAIN TODAY ALSO—SEE TODAY'S SELL CALL…..

See..…GOLD…..made a [email protected] range again today also.....against [email protected] range again today also on few hours ago......see today's short call 1st....

What next???

Wait S1 $1666.20(Major Support level)
OR
Again R1 $1788.80(Major Resistance level)….GOLD....THIS WEEK....

See…SILVER….made a [email protected] range again today also…….against [email protected] range again today also on few hours ago.......see today's short call 1st......what next???

S1 $17.000
R1 $18.040…..SILVER…..THIS WEEK.....

NO FREE TRIAL/STRATEGY(THIS WEEK)

-2.5% IN GOLD……..AND -3.5% SILVER DOWN........IN 2 DAYS---SEE YESTERDAY'S(STBT) SELL CALL ON FEW HOURS AGO……

S1+S2+S3(ALMOST) IN GOLD…….AND S1+S2 IN SILVER……TGT HITTED AGAIN TODAY ALSO---SEE YESTERDAY'S(STBT) SELL CALL…..

See..…GOLD…..made a [email protected] range again today also.....against [email protected] range yesterday on few hours ago......see yesterday's short call 1st....what next???

S1 $1666.20
R1 $1739.90......GOLD......TODAY/THIS WEEK.....

See…SILVER….made a [email protected] range again today also…….against [email protected] range yesterday on few hours ago.......see yesterday's short call 1st......what next???

S1 $17.000
R1 $18.040…..SILVER…..TODAY/THIS WEEK.....

NO FREE TRIAL/STRATEGY(THIS WEEK)

TGT1 HITTED AGAIN TODAY ALSO…….IN GOLD……AND IN SILVER…..

-1.5% IN GOLD……..AND -3.5% SILVER DOWN…….. AGAIN TODAY ALSO IN NEXT FEW HOURS—SEE TODAY’S SELL CALL ON FEW HOURS AGO……

See..…GOLD…..made a [email protected] range again today also…..against [email protected] range today on few hours ago……see today’s short call 1st….what next???

S1 $1700.00
R1 $1789.00……GOLD…..

See…SILVER….made a [email protected] range again today also…….against [email protected] range again today on few hours ago…….see today’s short call 1st……what next???

S1 $17.790
R1 $18.940…..SILVER…..

NO FREE TRIAL/STRATEGY(THIS WEEK)

ALL 3 TGT......HITTED IN GOLD AND SILVER

-4.00% IN GOLD……..AND -6.50% SILVER DOWN……..IN 2+DAYS---SEE MONDAY'S/TODAY'S SELL CALL ON FEW HOURS AGO……

See..…GOLD…..made a [email protected] range again today also…..against [email protected] range again today on few hours ago......and against [email protected] range on monday……see today’s/monday's short call 1st….what next???

S1 $1668.40

R1 $1738.20……GOLD…..TODAY/THIS WEEK.....

See…SILVER….made a [email protected] range again today also…….against [email protected] range again today on few hours ago……and against [email protected] range on monday.......see today's/monday's short call 1st……what next???

S1 $17.190

R1 $18.395…..SILVER…..TODAY/THIS WEEK.....

NO FREE TRIAL/STRATEGY(THIS WEEK)

ALL 3 TGT......HITTED IN GOLD AND SILVER

-3.20% IN GOLD……..AND -4.00% SILVER DOWN……..IN 2+DAYS---SEE YESTERDAY'S SELL CALL ON FEW HOURS AGO……

-5.00% IN GOLD……..AND -8.50% SILVER DOWN……..IN 4+DAYS---SEE MONDAY'S SELL CALL ON FEW HOURS AGO……

See..…GOLD…..made a [email protected] range again today also…..against [email protected] range on yesterday few hours ago......and against [email protected] range on monday……see yesterday’s/monday's short call 1st….what next???

S1 $1638.20
R1 $1730.00……GOLD…..

See…SILVER….made a [email protected] range again today also…….against [email protected] range on yesterday few hours ago……and against [email protected] range on monday.......see yesterday's/monday's short call 1st……what next???

S1 $17.000
R1 $18.120…..SILVER…..

NO FREE TRIAL/STRATEGY(THIS WEEK)

Disclaimer-Trading in gold and silver market are subject to market risks. We doesn’t bear any responsibilty for any trading losses.

Gold: June 09 review

Fundamental News:

Gold prices was traded down continue today due to hope of recovery in equity markets, after more than three months shutdown across the globe.

Gold futures, August contract traded $1716.00 range, up +0.64% at morning European hours. Investors sold hedge funds like Gold and Silver in last few days because of economy recovery hopes.

On the opposite side, By 1448 PM IST, US Dollar Index futures, June 20 contract traded $96.945 range, up +0.36%.

Traders will also keep an eye for this week's Fed fund rate decisions.

As on last Friday's surprising unemployment decision, also given some hopes of this Covid-19 situations will over soon.

Technical News:

Above $1716.00 range, we will expect $3-5 up trend. but near term R1 $1727.82 range(20 days SMA) and on the reverse side, prices below $1697.65(today's low) this level, wait near term support level which is $1680.70(weekly low) and but major support level is 1666.20(21 April's low).

For intraday and STBT strategy for Gold is given below:

Entry point - $1716.00 - $1718.90 range

and keep R1 $1727.82(20 days SMA)

and wait S1 $1697.65(today's low)
and wait S2 $1680.70(weekly low)
and wait S3 $1666.20(Major support level)

Near term/STBT review - Down trend in Gold.

Disclaimer-Trading in gold and silver markets are subject to market risks. We doesn’t bear any responsibility for any trading losses.

Gold: June 09 review (Today's second call)

Fundamental News:

Gold/Silver ratio was traded wide indicated that means Gold's relative value is going up and Silver's value is going down.

And it also helps that Gold prices was pushed higher today because of global recovery fears of Coronavirus pandemic situations across the globe in last three+ months.

All profits washed out and prices was traded $1729.00 range(above 20SMA) today at morning US hours after made a $1672.00 range on last Friday.

By 1030 AM ET, Gold futures, August contract traded $1729.00 range, up +1.41%.

Investors sold hedge funds like Gold and Silver at every high levels in last few days because of some hopes of economy recovery.

In last many days, Gold August futures, was traded between $1666.20 and $1788.80 range.

On the opposite side, US Dollar Index futures, June 20 contract traded $96.370 range, down -0.25%.

Traders will also keep an eye for this week's US Federal reserve's two day policy meeting which clues on further stimulus measures and policy rates.

As on last Friday's surprising unemployment decision, also given some hopes of this Covid-19 situations will over soon.

Expectations of Gold prices will going down to more than -2% in this week from current levels.

Technical News:

Above $1729.00 range, we will expect $3-5 up trend. but near term R1 $1761.00 range(last week high) and on the reverse side, prices below $1697.65(today's low) this level, wait near term support level which is $1680.70(weekly low) and but major support level is 1666.20(21 April's low).

For intraday and STBT strategy for Gold is given below:

Entry point - $1729.00 - $1734.50 range

and keep R1 $1761.00(Last week's high)
and wait S1 $1697.65(today's low)
and wait S2 $1680.70(weekly low)
and wait S3 $1666.20(Major support level)

Near term/STBT review - Down trend in Gold.

Disclaimer-Trading in gold and silver markets are subject to market risks. We doesn’t bear any responsibility for any trading losses.