Gold: April 29 review (Intraday and weekly strategy for Gold )
Technical review:
The next area for attention is below $1704.10 range (near S1-weekly low) and keeps down trend till $1666.20(last week low). And if Gold break weekly low, we will expect more down trend till $1620.00 range (50% Fibonacci level). On the other side, I am looking at $1745.80(near term R1-monday's high), but major resistance level $1788.80 range(all time high).
For trading point of view, short Gold prices at every high level. And in this week, you will see Gold prices break below last week's low.
Intraday and weekly strategy for Gold is given below.
Entry point - $1728.50 - $1731.00 range
And keep R1 $1745.80
And wait S1 $1704.10
And wait S2 $1690.00
And wait S3 $1666.20
Gold: Intraday and weekly Gold review
Technical review:
The next area for attention is below $1704.10 range (near S1-weekly low) and keeps down trend till $1666.20(last week low). And if Gold break weekly low, we will expect more down trend till $1620.00 range (50% Fibonacci level). On the other side, I am looking at $1745.80(near term R1-monday's high), but major resistance level $1788.80 range(all time high).
For trading point of view, short Gold prices at every high level. And in this week, you will see Gold prices break below last week's low.
Intraday and weekly strategy for Gold is given below.
Entry point - $1728.50 - $1731.00 range
And keep R1 $1745.80
And wait S1 $1704.10
And wait S2 $1690.00
And wait S3 $1666.20
Gold: Intraday and weekly Gold review
Note
See..…GOLD…..made a low@1708.30 range again today also.....against short@1728.50-1731.00 range again today also on few minutes ago.......and against short@1743.50-1747.00 range on monday......see today's/monday's short call 1st---what next???S1 $1690.00
R1 $1731.00….GOLD......TODAY......
Trade closed: target reached
See..…GOLD…..made a low@1708.30(almost tgt hitted) range again today also.....against short@1728.50-1731.00 range again today also on few minutes ago.......and against short@1743.50-1747.00 range on monday......see today's/monday's short call 1st---what next???S1 $1690.00
R1 $1731.00….GOLD......TODAY......
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.