Gold: May 04 review (Intraday strategy for Gold )
Technical review:
The next area for attention is below $1700.50 range (Near S1-Today's low) and keeps down trend till $1666.20 range (major support level ).
On the other side, I am looking at $1737.00(Near term R1-Thursday's High), and if break above R1, Gold prices high $10 to $15 up trend but major resistance level $1788.80 range(all time high).
For intraday trading point of view, short Gold and Silver prices at every high level.
Intraday strategy for Gold is given below.
Entry point - $1724.50 - $1727.50 range
And keep R1 $1737.00
And wait S1 $1697.00
And wait S2 $1690.00
And wait S3 $1676.40
Technical review:
The next area for attention is below $1700.50 range (Near S1-Today's low) and keeps down trend till $1666.20 range (major support level ).
On the other side, I am looking at $1737.00(Near term R1-Thursday's High), and if break above R1, Gold prices high $10 to $15 up trend but major resistance level $1788.80 range(all time high).
For intraday trading point of view, short Gold and Silver prices at every high level.
Intraday strategy for Gold is given below.
Entry point - $1724.50 - $1727.50 range
And keep R1 $1737.00
And wait S1 $1697.00
And wait S2 $1690.00
And wait S3 $1676.40
Note
See..…GOLD…..made a low@1705.30 range again today also.....against short@1724.50-1727.50 range again today also on few hours ago......see today's short call 1st---what next???S1 $1690.00
R1 $1727.50….GOLD......
See…SILVER….made a low@14.810 range again today also.......against short@15.150-15.190 range again today also on few hours ago......see today's short call 1st----what next???
S1 $14.500
R1 $15.190…..SILVER......
Trade closed: target reached
S1 HITTED IN GOLD AND SILVER TODAY.Trade closed: target reached
See..…GOLD…..made a low@1687.95 range again today also.....against short@1714.50-1717.00 range again today also on few hours ago......see today's short call 1st---what next???S1 $1666.20
R1 $1717.00….GOLD......TODAY.....
See…SILVER….made a low@14.810 range again today also.......against short@15.150-15.190 range again today also on few hours ago......see today's short call 1st----what next???
S1 $14.500
R1 $15.190…..SILVER......
Trade closed: target reached
TGT1+2 HITTED IN GOLD AND SILVER TODAY-----WHAT NEXT????See..…GOLD…..made a low@1687.95 range again today also.....against short@1714.50-1717.00 range again today also on few hours ago......see today's short call 1st---what next???
S1 $1666.20
R1 $1727.50….GOLD......TODAY.....
See…SILVER….made a low@15.018 range again today also.......against short@15.350-15.390 range again today also on few hours ago......see today's short call 1st----what next???
S1 $14.750
R1 $15.390…..SILVER......
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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.