COMEX Gold Update
[GOLD] - Gold Bullish contribute by weakening USD
InvestorsDoctor
Publish date: Fri, 29 Dec 2017, 10:15 AM
InvestorsDoctor
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29/12/2017
Gold Feb 18
Previous close: 1297.2 +5.8
Gold rose for 8th straight session on yesterday as a retreat in USD and supported by bearish US jobless claims yesterday.
Look at 4 hours chart, gold continues its rebound to test 1300 level, trend more to bullish but be cautious as price in RSI overbought now.
Price level to watch out today:
Resistance 1299 1308.2
Support 1293.7 1290.8
Recommended Trading Plan Today:
1. Buy 1298.2, stop 1297, profit 1299.4.
2. Watch out for lower highs & lows sell signal.
Margin Requirement (per lot)
USD 4400
Micro: USD 440
Disclaimer: Idea for sharing purpose, trade at your own risk.
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