COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 27/7/2018 - Below 1240, enter side way after trade tension ease
InvestorsDoctor
Publish date: Fri, 27 Jul 2018, 11:24 AM
InvestorsDoctor
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27/7/2018
*Gold Dec 18*
Previous Close: 1235.3 -5.7
Gold edged lower on yesterday in response to an easing of trade tensions and rebound of USD.
Daily chart's technical indicators pointed more to downside but testing for a technical rebound from potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1240.1 1244.7
Support: 1227 1221
*Recommend Trading Plan for the day:*
1. Buy 1233.5 for technical rebound, stop 1231.8, profit 1235.2/1236.9.
2. Look for sell signal below 1230.9.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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