COMEX Gold Update
15 Nov - Comex Gold Rise on Uncertainty of Tax Reform Plan
InvestorsDoctor
Publish date: Wed, 15 Nov 2017, 11:11 AM
InvestorsDoctor
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15/11/2017
Gold Dec 17
Previous close: 1282.9 +4
US Senate Republicans repealing a key component of Obamacare to tax reform plan, raising new political risk and uncertainty, boosted gold price yesterday. Weaker USD also support the gold price.
Based on hourly chart, gold trend still in side way, now may first test resistance around 1290 as RSI & MACD edging up.
Price level to watch out today:
Resistance 1284 1290
Support 1270 1263
Recommended Trading Plan Today:
1. buy higher high 1283.90, stop 1278.90, profit 1288.90
Margin Requirement (per lot)
USD 5390
Micro: USD 539
Disclaimer: Idea for sharing purpose, trade at your own risk.
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