COMEX Gold Update
[Gold Futures] - Price Bias to SELL!!
InvestorsDoctor
Publish date: Mon, 22 Jan 2018, 12:03 PM
InvestorsDoctor
0 1,969
To get timely information on local and foreign futures markets, join us on telegram & Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
22/1/2018
Gold Feb 18
Previous Close: 1331.1
Gold prices edged up on Monday amid a softer dollar as investors sought safe haven assets after the U.S. government shutdown due to a funding impasse. While US dollar index remained weak. Hedge funds and money managers raised their net long position in COMEX gold contracts according to CFTC. Gold demand in China firmed last week as retailers stocked up ahead of Chinese New Year. Next FOMC meeting on 30 & 31 Jan.
In the hourly chart, gold have created lower high at 1338.2 (38.2% of previous downswing), this is suggesting further correction will be seen at previous low 1324.3.
Price Level to monitor today:
Resistance: 1335.8 1338.2
Support: 1329.6 1234.3
Recommend Trading Plan for the day:
1. Look for sell 1330, stop 1332.5, TP 1327.5
2. Not recommend to buy
Margin Requirement (per lot)
USD 3850
Micro: USD 385
Disclaimer: Idea for sharing purpose, trade at your own risk.
To get more information on local and foreign futures markets, join us on telegram & Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
More articles on COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 23/12/2019 - Move in range, wait for more breakout
Created by InvestorsDoctor | Dec 23, 2019
Daily Futures Commentaries: [Comex Gold] 20/12/2019 - Move in range, wait for more breakout
Created by InvestorsDoctor | Dec 20, 2019
Daily Futures Commentaries: [Comex Gold] 19/12/2019 - Move in range, wait for more breakout
Created by InvestorsDoctor | Dec 19, 2019
Daily Futures Commentaries: [Comex Gold] 18/12/2019 - Move in range, wait for more breakout
Created by InvestorsDoctor | Dec 18, 2019
Daily Futures Commentaries: [Comex Gold] 17/12/2019 - Move in range, wait for more breakout
Created by InvestorsDoctor | Dec 17, 2019
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
2
3
Koon Yew Yin's Blog
CPO price is rising rapidly as shown by chart below - Koon Yew Yin
4
Axcapital's investment blog
KAB - Executing its way to a record quarter. Could more Petronas contracts be coming?
5
Mercury Securities Research
6
BFM Podcast
7
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
