COMEX Gold Update
[Gold] - Largely in Range
InvestorsDoctor
Publish date: Thu, 15 Mar 2018, 12:22 PM
InvestorsDoctor
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15/3/2018
Gold Apr 18
Previous Close: 1325.6 -1.5
Gold finished slightly lower yesterday, pressured by recovering USD, despite US stock market fell more than 200pts yesterday.
Both daily & hourly charts show a sideway trend, wait for breakout. However, daily chart's technical indicators still weakening, expect to cap upside of gold.
Price Level to monitor today:
Resistance: 1330.5 1338.5 1342.9
Support: 1321.7 1313.2
Recommend Trading Plan for the day:
1. Sell 1326, stop 1327.9, profit 1324.1/1322.2.
2. Buy 1327.9, stop 1326, profit 1329.8/1331.7.
Margin Requirement (per lot)
USD 3850
Micro: USD 385
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