COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 9/7/2018 - Down on USD rebound

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Publish date: Mon, 09 Jul 2018, 11:09 AM
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9/7/2018

 
*Gold Aug 18*
 
Previous Close: 1255.8 -3
 
Gold fell on last Friday as USD rebound and stock market recovered from trade war concerns.
 
Daily chart show a technical rebound from RSI oversold, may test middle line of BB around 1276. Hourly chart entering sideway, wait for breakout.
 
*Classic Support & Resistance*
Resistance: 1264.1 1269.7
Support: 1252.2 1245.2
 
 *Recommend Trading Plan for the day:*
1. Wait for breakout signal 1252 or 1263.
 
 *Margin Requirement (per lot)*
USD 3410
Micro: USD 341
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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