COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 14/8/2018 - Crashing Turkey Lira pushed up USD, Gold sank to more than 1 year low

InvestorsDoctor
Publish date: Tue, 14 Aug 2018, 11:58 AM
To get timely information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/



14/8/2018

 
*Gold Dec 18*
 
Previous Close: 1198.9 -20.1
 
Gold sank below 1200 for the 1st time since 2017 as USD shoot up to near 13 month high after a crashing Turkish Lira.
 
Daily chart showed gold more to bearish as technical indicators trending down, but watch out for potential technical rebound in short term as RSI in oversold now.
 
*Classic Support & Resistance*
Resistance: 1212.5 1228.5
Support: 1184 1174.7
 
 *Recommend Trading Plan for the day:*
1. Buy 1203.2, stop 1202, profit 1204.4/1205.6.
2. Look for sell signal below 1198.6.
 
 *Margin Requirement (per lot)*
USD 3410
Micro: USD 341
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Join our channels to find out more!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link: https://m.facebook.com/investorsdoctoracademy
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment