COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 7/6/2018 - Market stay cautious ahead of possible interest hike

InvestorsDoctor
Publish date: Thu, 07 Jun 2018, 11:18 AM
InvestorsDoctor
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7/6/2018

*Gold Aug 18*

Previous Close: 1301.4 -0.8

Gold held above 1300 but within a tight range as market stay cautious ahead of possible interest hike this month.

Daily & hourly chart move into a sideway 1291.4-1307.2, wait for breakout.

*Classic Support & Resistance*
Resistance: 1307.2 1312.2
Support: 1291.4 1286.7

*Recommend Trading Plan for the day:*
1. Trade in range 1290-1310.

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

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