COMEX Gold Update
29 Nov - Gold in Range
InvestorsDoctor
Publish date: Wed, 29 Nov 2017, 03:45 PM
InvestorsDoctor
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29/11/2017
Gold Dec 17
Previous close: 1294.9 +0.5
Gold inched slightly higher yesterday, mirroring a fall of USD following a confirmation hearing for Federal Reserve chair nominee, Jerome Powell. Federal Reserve is likely to raise interest rates again next month, Powell told the Senate Banking Committee.
Daily chart show buying support for gold as technical indicators edging up, while hourly chart formed higher highs & lows with technical indicators show gold in a correction, overall trend side way to higher.
Price level to watch out today:
Resistance 1299 1308.3
Support 1290.1 1285.1
Recommended Trading Plan Today:
1. Trade in range 1290-1300.
Margin Requirement (per lot)
USD 5390
Micro: USD 539
Disclaimer: Idea for sharing purpose, trade at your own risk.
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