COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 14/6/2018 - Market stay flat after interest hike

InvestorsDoctor
Publish date: Thu, 14 Jun 2018, 11:14 AM
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14/6/2018

*Gold Aug 18*

Previous Close: 1301.3 +1.9

Gold ended with little gains above 1300 after US raised interest rate as in expectation. The US Fed also indicated that 2 more rate increases are likely in this year.

Daily & hourly charts in sideway, wait for breakout.

*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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