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COMEX Gold Update
16 Nov - COMEX Gold Remained in Range
InvestorsDoctor
Publish date: Thu, 16 Nov 2017, 02:10 PM
InvestorsDoctor
0 1,969
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16/11/2017
Gold Dec 17
Previous close: 1277.7 -5.2
Gold erased its gains last night, back to range after the data showed an unexpected rise in US retail sales with an encouraging pickup in inflation in October, signal that US economy is ready for another interest hike.
Technical indicators in daily chart show more to bearish. Hourly chart show price retreats from overbought and move in range of 1264-1289.
Price level to watch out today:
Resistance 1284 1290
Support 1270 1263
Recommended Trading Plan Today:
1. Trade in range 1270-1290
Margin Requirement (per lot)
USD 5390
Micro: USD 539
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