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COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Mon, 9 Dec 2019, 3:05 PM

 

Daily Futures Commentaries: [Comex Gold] 19/2/2019 - Bullish but watch out for RSI bearish divergence

Author:   |    Publish date:




19/2/2019

 
*Gold Apr 19*
 
Previous Close: 1322.1 +0
 
Gold sustains at its high and retest 1330 level during US holiday. 
 
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. Look for buy signal above 1330.8.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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