COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 3/8/2018 - Trade war tensions pushed USD up, gold down
InvestorsDoctor
Publish date: Fri, 03 Aug 2018, 12:03 PM
InvestorsDoctor
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3/8/2018
*Gold Dec 18*
Previous Close: 1220.1 -7.5
Gold settled at lower low after a new trade tensions between US & China boosted USD.
Daily chart showed more to downside as candles formed lower highs & lows, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1226.9 1237.8
Support: 1207.9 1200
*Recommend Trading Plan for the day:*
1. Buy 1216.5 for technical rebound, stop 1215.2, profit 1217.8/1219.1.
2. Look for sell signal below 1214.2.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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