COMEX Gold Update
12 Oct - COMEX Gold is heading 1301!!!
InvestorsDoctor
Publish date: Thu, 12 Oct 2017, 04:00 PM
InvestorsDoctor
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12/10/2017
Gold Dec 17
Yesterday close: 1288.9 -4.9
Gold ended lower yesterday as US FOMC meeting minutes believes the economy is strong enough to withstand another rate hike in December. However, gold rebound strongly this morning with dollar index at 2 weeks low.
Hourly chart show gold price rebound strongly from 1286.80, testing previous high of 1296.70, follow by next resistance around 1301.
Price Level to monitor today:
Resistance 1296.70 1301, Support 1286.80 1284.50
Recommended Trading Plan for today:
1. Buy at 1296.50 or higher high 1296.80 with stop at 1293.20, take profit around 1300-1301
Margin Requirement
Comex Gold : USD 5390
Micro Gold : USD 539
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