COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 26/7/2018 - Rebound as USD eased in a US-EU Summit, raised trade war concerns
InvestorsDoctor
Publish date: Thu, 26 Jul 2018, 02:58 PM
InvestorsDoctor
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26/7/2018
*Gold Dec 18*
Previous Close: 1241 +8.7
Gold inched up to above 1240 as USD eased during US-EU Summit raised concerns of trade war.
Daily chart's technical indicators pointed more to downside but watch out for potential RSI bullish divergence, while hourly chart show gold in testing rebound, close above 1244.7 to trigger further upside.
*Classic Support & Resistance*
Resistance: 1250 1259.5
Support: 1232.5 1221
*Recommend Trading Plan for the day:*
1. Buy 1238.7, stop 1237, profit 1240.4/1242.1.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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