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COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Wed, 20 Feb 2019, 11:31 AM

 

Daily Futures Commentaries: [Comex Gold] 15/1/2019 - Forming triangle sideway pattern

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15/1/2019

*Gold Feb 19*
 
Previous Close: 1292.4 +2.9
 
Gold prices rose to above 1290 yesterday as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world's 2nd largest economy and prompting investors to seek safety in the precious metal.
 
Hourly chart forming triangle sideway pattern, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1300.4 1313 
Support: 1286.7 1278.1
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 1280-1300.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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WongZhenKang interesting, will hold for breakout
15/01/2019 11:24
InvestorsDoctor Hi @WongZhenKang ! Any position you holding now?
17/01/2019 11:24


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