COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 6/7/2018 - Up despite hawkish FOMC meeting minutes
InvestorsDoctor
Publish date: Fri, 06 Jul 2018, 12:05 PM
InvestorsDoctor
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6/7/2018
*Gold Aug 18*
Previous Close: 1258.8 +5.3
Gold rose on yesterday as USD weakening despite Fed support for interest hike this year. Fed had projected two more rate hikes this year in FOMC meeting minutes.
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: 1245.2 1238.8
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1252.2.
*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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