Gold: October 11 review
Oil prices suddenly jumps above +2% due to Iran tanker blast near Saudi port city. It will threaten global supply effect.
Yesterday's Trump news regarding positive relief for US-China trade war tensions and he will be meeting Chinese vice premier later today.
All Asian stocks traded positive today. Europe and US futures also signs up trend today.
US Dollar index futures, December contract traded $97.325 range at early European hours.
Gold futures, December contract traded $1507.50 range, up +0.40% after Iran news.
Expectation of profit booking for precious metals today and see intraday strategy for Gold given below.
Entry point - $1507.50-$1509.00 range
And keep R1 $1519.00
And wait S1 $1492.00
And wait S2 $1488.00
And wait S3 $1480.00