COMEX Gold Update
[Gold] - Stronger USD putting pressure on Gold Price
InvestorsDoctor
Publish date: Thu, 04 Jan 2018, 02:51 PM
InvestorsDoctor
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4/1/2018
Gold Feb 18
Previous close: 1318.5 +2.4
Gold eased from an earlier 3.5 month high on yesterday and was first day of losses in nearly three weeks as a rebound in USD after FOMC meeting minutes signaled for a earlier and faster pace of interest hike.
Daily chart show gold enters RSI overbought correction, while hourly chart testing oversold zone, overall trend in rebound but with possible further short term correction.
Price level to watch out today:
Resistance 1319.4 1323
Support 1304.3 1298.4
Recommended Trading Plan Today:
1. Sell 1307, stop 1309.2, profit 1304.8
2. Watch out for any rebound signal.
Margin Requirement (per lot)
USD 4400
Micro: USD 440
Disclaimer: Idea for sharing purpose, trade at your own risk.
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