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Gold: Weekly strategy
Gold futures, December contract reached almost $1800.00 and made a session's high@1797.35 range today after US open. After released US CPI data, Gold prices zoomed and made a last 15 days high.
People believes in safe heaven demands as Gold and Silver at this type of financial and inflation related situations.
Last week's US non farm payrolls and Fed's taper timeline once again in action that's why Gold prices was raised.
Expectations of some profit booking in this week at higher levels in Hedge funds like Gold and Silver.
INTRADAY AND WEEKLY TRADING STRATEGY FOR GOLD.....
Sell Gold $1797.00-$1800.00 range(December-Future)
SL $1810.60(14 Sep high)
Tgt1 $1777.00
Tgt2 $1767.00
Tgt3 $1757.00(Today's low)
People believes in safe heaven demands as Gold and Silver at this type of financial and inflation related situations.
Last week's US non farm payrolls and Fed's taper timeline once again in action that's why Gold prices was raised.
Expectations of some profit booking in this week at higher levels in Hedge funds like Gold and Silver.
INTRADAY AND WEEKLY TRADING STRATEGY FOR GOLD.....
Sell Gold $1797.00-$1800.00 range(December-Future)
SL $1810.60(14 Sep high)
Tgt1 $1777.00
Tgt2 $1767.00
Tgt3 $1757.00(Today's low)
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.