Highlights

COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Fri, 14 Jun 2019, 10:36 AM

 

Daily Futures Commentaries: [Comex Gold] 10/5/2019 - In sideway, wait for breakout

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10/5/2019
 
*Gold Jun 19*
 
Previous Close: 1285.2 +3.8
 
Gold rose yesterday as supported by retreat of USD and US-China trade tension. 
 
4H chart showed a  sideway, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1292.8 1299.1
Support:  1278.1 1267.3
 
*Recommend Trading Plan for the day:* 
1. Sell 1283.8, stop 1285, profit 1282.6/1281.4
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
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