COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 7/8/2018 - Dips lower on firmer USD
InvestorsDoctor
Publish date: Tue, 07 Aug 2018, 11:25 AM
InvestorsDoctor
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7/8/2018
*Gold Dec 18*
Previous Close: 1217.7 -5.5
Gold ticked lower to below 1220 on a firmer 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: 1228.5 1237.8
Support: 1212.5 1200
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1219.8.
2. Look for sell signal below 1212.5.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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