COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 8/8/2018 - Fail to sustain above 1220 on strong USD
InvestorsDoctor
Publish date: Wed, 08 Aug 2018, 10:41 AM
InvestorsDoctor
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8/8/2018
*Gold Dec 18*
Previous Close: 1218.3 +0.6
Not much changes on gold yesterday. Gold unable to sustain above 1220 as USD remains strong.
Daily & hourly charts showed more to downside as candles formed lower highs & lows.
*Classic Support & Resistance*
Resistance: 1228.5 1237.8
Support: 1212.5 1200
*Recommend Trading Plan for the day:*
1. Buy 1222.1 for technical rebound, stop 1220.4, profit 1223.8/1225.5.
2. Look for sell signal below 1218.8.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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