Gold: June 11 review (Intraday and STBT strategy)

Gold: June 11 review (Intraday and STBT strategy)

Technical review:

In last many days, Gold prices is trading between $1789.00 and $1666.20 range.

By 1103 ET, Gold futures, August contract traded $1754.50 range, up 1.97%.

For trading point of view, above $1754.50 range, you will see $3-5 up trend and keep near term R1 $1775.80 range(last month's high) but maximum level of resistance $1788.80 range(Max Resistance Level ).

On the other side, If price break $1727.70(today's low), will expect $1714.10(yesterday's low) and wait next tgt below $1700 range in this/next week.

Expectation of major profit booking in Hedge funds in this week. Expectation of more than -1.5% and -2.5% respectively down Gold and Silver in this week.

After US markets open, make short positions in Gold .

For intraday and STBT(weekly) strategy for Gold is given below:

Entry point - $1754.50 - $1758.90 range

and keep R1 $1788.80

and wait S1 $1727.70(Today's low)

and wait S2 $1714.10(Yesterday's low)

Short term strategy: Negative trend in Gold

Comment:

-1.10% in Gold and -3% in Silver.....down in next few hours---see today's short call on few hours ago......

See..…GOLD…..made a low@1733.75🎯 range again today also…..against short@1754.50-1758.90 range today also on few hours ago......see today’s short call 1st….what next???😳

S1 $1714.10
R1 $1775.80……GOLD…..THIS WEEK…..

Comment:

TGT1🎯 hitted in Gold🎯 and Silver🎯.......

-1.50% in Gold🎯 and -4.5% in Silver🎯.....down in next few hours---see thursday's short call on few hours ago......

See..…GOLD…..made a low@1728.60🎯 range again today also…..against short@1754.50-1758.90 range on thursday few hours ago......see thursday’s short call 1st….what next???😳

S1 $1714.10
R1 $1754.50……GOLD…..TODAY…..

See…SILVER….made a low@17.483🎯 range again today also…….against short@18.310-18.350 range on thursday few hours ago......see thursday's short call 1st……what next???😳

S1 $17.150
R1 $18.340…..SILVER…..TODAY….


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

Comment:

TGT1+2 hitted in Gold🎯🎯 and TGT1+2+3 hitted Silver🎯🎯🎯.......

-1.90% in Gold🎯🎯 and -7.00% in Silver🎯🎯🎯.....down in 3 sessions---see last Thursday's Gold and Silver short calls......

-1.10% in Gold🎯🎯 and -3.00% in Silver🎯🎯🎯.....down again today also---see today's Gold and Silver short call on few hours ago......

See..…GOLD…..made a low@1722.35🎯🎯 range again today also…..against short@1740.00-1742.00 range today on few hours ago.......and against short@1754.50-1758.90 range on last Thursday......see Thursday's/today's short call 1st….what next???😳

S1 $1700.00
R1 $1742.20……GOLD…..TODAY…..

See…SILVER….made a low@17.108🎯🎯🎯 range again today also…….against short@17.560-17.600 range today on few hours ago.......and against short@17.840-17.880 range on last Thursday......see Thursday's/today's short call 1st……what next???😳

S1 $16.700
R1 $17.622…..SILVER…..TODAY….