COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 8/6/2018 - Market stay cautious ahead of possible interest hike

InvestorsDoctor
Publish date: Fri, 08 Jun 2018, 11:22 AM
InvestorsDoctor
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8/6/2018

Gold Aug 18

Previous Close: 1303 +1.6

Weakening USD supported the gold price but upside limited as market stay cautious ahead of FOMC meeting.

Gold show a false breakout yesterday and back to sideway range, wait for more signals.

Classic Support & Resistance
Resistance: 1307.8 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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