COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 2/7/2018 - Technical rebound on weaker USD
InvestorsDoctor
Publish date: Mon, 02 Jul 2018, 11:01 AM
InvestorsDoctor
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2/7/2018
*Gold Aug 18*
Previous Close: 1254.5 +3.5
Gold recovered on last Friday from 6 month low as supported by weaker USD, however overall trend still more to bearish.
Daily chart show gold more to bearish as technical indicators crossing down and there is a potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1264.1 1274.4
Support: 1246.9 1227.5
*Recommend Trading Plan for the day:*
1. Sell 1252.1, stop 1253.7, profit 1250.5/1248.9.
2. Look for buy signal above 1257.1.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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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!
Simple Calculation:
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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!
Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)
Well, NOW is the time for you to understand more about FKLI Trading!
Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.
IDA will discover together with You - What is FKLI............
https://goo.gl/forms/SyxDaLNwkuYagkA02
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