COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 29/6/2018 - Lower low again on strong USD and raising treasury yield

InvestorsDoctor
Publish date: Fri, 29 Jun 2018, 11:19 AM
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29/6/2018

 
*Gold Aug 18*
 
Previous Close: 1251 -5.1
 
Gold fell to its lowest in more than 6 months as USD strengthening and raising treasury yield.
 
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: 1255.8 1264.1
Support: 1238.3 1227.5
 
 *Recommend Trading Plan for the day:*
1. Buy 1250.8 for technical rebound, stop 1249.1, profit 1252.5/1254.2.
2. look for sell signal if break below 1246.9.
 
 *Margin Requirement (per lot)*
USD 3410
Micro: USD 341
 
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