hiren_garasondia

Gold: June 17 review (Intraday and weekly strategy)

Short
COMEX:GCQ2020   GOLD FUTURES (AUG 2020)
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Gold: June 17 review (Intraday and weekly strategy)

Technical Review:

Gold futures , August contract traded $1737.00 range, +0.04% up at early US hours.

On the above chart, as per Fibonacci level (a), (b), (c). we will expect level (D) will come very soon in near future.

Above $1737.00 range, we will expect around $3-5 up trend, but for trading point of view, sell Gold at every high levels. For near term R1 $1754.85 range. and max R2 $1760.90(Monthly high).

On the opposite directions, prices break below $1718.20 (today's low), will wait near term S2 $1706.35 (weekly low). And if prices traded this level and daily closing below this level. We will wait final Fibonacci level (D) which is below $1671.85(monthly low - major support level )

Intraday and weekly strategy for Gold is given below.

Entry point - $1737.00 - $1740.90 range

And keep R1 $1754.85

And wait S1 $1718.20

And wait S2 $1706.35

And wait S3 $1671.85
Comment: TGT1🎯 hitted in Gold🎯 and Silver🎯 again today also.......

-1.30% in Gold🎯 and -1.80% in Silver🎯....down again today also---see today's Gold and Silver short call on few hours ago......

See..…GOLD…..made a low@1724.30🎯 range again today also…..against short@1746.00-1747.50 range again today also on few hours ago......see today's short call 1st….what next???😳

S1 $1700.00
R1 $1747.50……GOLD…..TODAY…..

See..…SILVER…..made a low@17.582🎯 range again today also…..against short@17.890-17.920 range again today also on few hours ago......see today's short call 1st….what next???😳

S1 $17.300
R1 $17.920……SILVER…..TODAY…..



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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