Highlights

COMEX Gold Update

Author: InvestorsDoctor   |   Latest post: Tue, 18 Jun 2019, 10:43 AM

 

Daily Futures Commentaries: [Comex Gold] 13/5/2019 - Continue in sideway, wait for breakout

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13/5/2019
 
*Gold Jun 19*
 
Previous Close: 1287.4 +2.2
 
Gold firmed on last Friday as US-China trade talk outweighed gains in USD. 
 
4H chart showed gold in a sideway 1267-1293, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1292.8 1299.1
Support:  1278.1 1267.3
 
*Recommend Trading Plan for the day:* 
1. Buy 1285.4, stop 1284.1, profit 1286.7/1288/1289.3
2. Sell 1284.3, stop 1285.6, profit 1283/1281.7/1280.4
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
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