Highlights

COMEX Gold Update

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

 

Daily Futures Commentaries: [Comex Gold] 24/12/2019 - Testing rebound, above 1492 for more upside

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24/12/2019
 
*Gold Feb 20*
 
Previous Close: 1488.7 +7.8
 
Gold prices edged higher yesterday and test above 1490 level today.
 
Hourly chart testing rebound, above 1490 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 1500 1510
Support:  1484 1474
 
*Recommend Trading Plan for the day:* 
1. Buy 1493.4, stop 1492.1, profit 1494.7/1496/1497.3
2. Sell 1491.8, stop 1493.1, profit 1490.5/1489.2/1487.9
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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