Highlights

COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Thu, 25 Apr 2019, 11:14 AM

 

Daily Futures Commentaries: [Comex Gold] 11/3/2019 - Testing rebound, bullish above 1300

Author:   |    Publish date:




11/3/2019

 
*Gold Apr 19*
 
Previous Close: 1299.3 +13.2
 
Gold rose 1% and once hit above 1300 on last Friday as weak US economic data dragged down USD.
 
Hourly chart showed gold entered sideway from 1282-1292, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1301.3 1313.4
Support: 1291.8 1282
 
*Recommend Trading Plan for the day:* 
1. Buy 1301.4, stop 1300, profit 1302.8/1304.2/1305.6.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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