COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 12/6/2018 - Market stay cautious ahead of this week's FOMC meeting

InvestorsDoctor
Publish date: Tue, 12 Jun 2018, 11:21 AM
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12/6/2018

*Gold Aug 18*

Previous Close: 1302.2 -0.5

Gold traded in tight range as market awaiting key central bank policy meeting and the US-North Korea summit this week for more direction.

Daily & hourly charts in sideway, but hourly chart formed higher lows, break upside range to trigger buy 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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