COMEX Gold Update

[Gold Futures] - Price may Test Higher

InvestorsDoctor
Publish date: Mon, 15 Jan 2018, 02:10 PM
InvestorsDoctor
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Following Message
15/1/2018
 
Gold Feb 18
 
Previous close: 1334.9 +12.4
 
 
Gold rose to a 4 month high on last Friday and was on track for a 5th straight weekly gain as USD fell against Euro on an agreement for a political coalition in Germany and bullish US CPI data may signaled sooner than expected US interest hike.
 
Both daily & hourly chart show trend more to bullish but be cautious of RSI overbought. Gold price may test previous high at year 2016.
 
Price level to watch out today:
Resistance 1344.6 1349.7 1362.4
Support 1336.3 1330.5
 
Recommended Trading Plan Today:
1. If retrace 1st, buy 1340.5, stop 1337.5, profit 1343.5.
 
Margin Requirement (per lot)
USD 3850 
Micro: USD 385
 
Disclaimer: Idea for sharing purpose, trade at your own risk.
 
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