Highlights

COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Tue, 31 Dec 2019, 12:33 PM

 

Daily Futures Commentaries: [Comex Gold] 22/2/2019 - Enter technical correction from RSI overbought

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22/2/2019

 
*Gold Apr 19*
 
Previous Close: 1327.8 -20.1
 
Gold slipped off from 10 months peak yesterday on profit taking & rebound of USD. Watch out for Fed monetary policy report on 12am tomorrow.
 
Daily chart formed a technical correction from RSI overbought, yet overall trend still more to bullish.
 
*Classic Support & Resistance* 
Resistance: 1340.1 1349.8
Support: 1317.2 1304.7
 
*Recommend Trading Plan for the day:* 
1. Buy 1330 for technical rebound, stop 1328.4, profit 1331.6/1333.2/1334.8.
2. Look for sell signal below 1323.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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