Highlights

COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Thu, 21 Mar 2019, 12:31 PM

 

Daily Futures Commentaries: [Comex Gold] 18/2/2019 - Bullish but watch out for RSI bearish divergence

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18/2/2019

 
*Gold Apr 19*
 
Previous Close: 1322.1 +8.2
 
Gold hit its highest since Apr 18 after weak US. economic data boosted expectations the Federal Reserve would hold on interest rate hikes, while palladium matched an all time high.
 
Daily chart formed higher highs & lows, more to bullish, but watch out for potential RSI bearish divergence.
 
*Classic Support & Resistance* 
Resistance: 1334.5 1346.8
Support: 1317.2 1304.7
 
*Recommend Trading Plan for the day:* 
1. Buy 1328.3, stop 1326.9, profit 1329.7/1331.1/1332.5.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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