COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 11/6/2018 - Market stay cautious ahead of this week's FOMC meeting

InvestorsDoctor
Publish date: Mon, 11 Jun 2018, 12:05 PM
InvestorsDoctor
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11/6/2018

*Gold Aug 18*

Previous Close: 1302.7 -0.3

Gold continue to remain in tight range ahead of Fed interest rate decision this Thursday.

Daily & hourly charts in sideway, but hourly chart formed higher lows, close above previous highs to trigger rebound signal.

*Classic Support & Resistance*
Resistance: 1307.8 1312.2
Support: 1296 1291.4

*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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