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COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Wed, 23 Oct 2019, 11:28 AM

 

Daily Futures Commentaries: [Comex Gold] 12/2/2019 - Enter technical correction from RSI bearish divergence

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12/2/2019

 
*Gold Apr 19*
 
Previous Close: 1311.9
 
Gold slipped as USD index at near 6 week high. 
 
Daily chart showed gold testing for a technical correction from RSI bearish divergence, yet overall remain in a rebound stage, close below 1306 to trigger more downside. 
 
*Classic Support & Resistance* 
Resistance: 1328.2 1337.6
Support: 1296.5 1275.3
 
*Recommend Trading Plan for the day:* 
1. Look for buy signal above 1313.9.
2. Look for sell signal below 1306.4.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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