COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 27/6/2018 - The lowest since Dec 2017!

InvestorsDoctor
Publish date: Wed, 27 Jun 2018, 11:31 AM
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27/6/2018

 
*Gold Aug 18*
 
Previous Close: 1259.9 -9
 
Gold fell to a more than 6 month low yesterday, pressured by prospects of rising US interest rates amid a strengthening economy.
 
Daily chart show gold more to bearish as technical indicators crossing down while candles formed lower highs & lows, and there is a potential RSI bearish divergence.
 
*Classic Support & Resistance*
Resistance: 1264.1 1274.4
Support: 1252.8 1238.3
 
 *Recommend Trading Plan for the day:*
1. Look for sell signal below 1255.
 
 *Margin Requirement (per lot)*
USD 3410
Micro: USD 341
 
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!

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