COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 25/7/2018 - Enter sideway, look for rebound signal if hold above 1220 level
InvestorsDoctor
Publish date: Wed, 25 Jul 2018, 11:39 AM
InvestorsDoctor
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25/7/2018
*Gold Aug 18*
Previous Close: 1225.5 -0.1
Please be noted that Aug 18 contract will be expired by next week, traders may choose to trade Dec 18 contract. Gold pulled back from losses below 1220 and settled in flat on technical support.
Daily chart more to bearish and now approaching RSI oversold zone, while hourly chart showed close below 1210.7 will trigger more downside.
*Classic Support & Resistance*
Resistance: 1229.7 1235.2
Support: 1218.1 1210.7
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1223.2.
2. Look for technical rebound buy signal above 1229.7.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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