COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 3/7/2018 - Fell to more than 6 month low after USD rebounds

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Publish date: Tue, 03 Jul 2018, 11:52 AM
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3/7/2018

 
Gold Aug 18
 
Previous Close: 1241.7 -12.8
 
Gold slipped back towards its lowest in more than 6 months on strong USD. 
 
Daily chart show gold more to bearish as candles break lower low, technical indicators crossing down and there is a potential RSI bearish divergence.
 
Classic Support & Resistance 
Resistance: 1257.1 1269.4
Support: 1227.5 1214
 
 Recommend Trading Plan for the day: 
1. Look for sell signal below 1238.8.
2. Look for buy signal above 1243.9.
 
 Margin Requirement (per lot) 
USD 3410 
Micro: USD 341
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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