COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 4/6/2018 - Fall after better than expected US economic data

InvestorsDoctor
Publish date: Mon, 04 Jun 2018, 11:48 AM
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4/6/2018

*Gold Aug 18*

Previous Close: 1299.3 -5.4

Gold dipped to below 1300 after US payrolls data better than expected pushed USD higher.

Daily chart trade below middle line of BB while MACD & RSI are more to downside, required price to close above 1312.6 to trigger further rebound signal. Hourly chart show gold still in range (1291.4-1307.2), wait for breakout.

*Classic Support & Resistance*
Resistance: 1301.5 1307.2
Support: 1291.4 1286.7

*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 1298.6.
2. Look for sell signal below 1295.7.

*Margin Requirement (per lot)*
USD 3410
Micro: USD 341

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