COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 5/7/2018 - Rebound weakening during US holiday
InvestorsDoctor
Publish date: Thu, 05 Jul 2018, 11:48 AM
InvestorsDoctor
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5/7/2018
*Gold Aug 18*
Previous Close: 1253.5
Gold took a pause in its rebound stage during US holiday. Watch out for FOMC meeting minutes at 2am tomorrow.
Daily chart show a technical rebound from RSI oversold, may test middle line of BB around 1276. Hourly chart entering sideway while technical indicators crossing down, gold may test support 1st.
*Classic Support & Resistance*
Resistance: 1264.1 1274.4
Support: 1246.9 1238.8
*Recommend Trading Plan for the day:*
1. Trade in range 1253-1263.
*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:
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
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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