COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 21/8/2018 - USD fell from high, pushed gold to test 1200
InvestorsDoctor
Publish date: Tue, 21 Aug 2018, 11:05 AM
InvestorsDoctor
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21/8/2018
*Gold Dec 18*
Previous Close: 1194.6 +10.4
Gold rebounded strongly to test 1200 level from more than 1.5 year low, after USD fell from high.
Daily & hourly charts showed gold rebound from outside of BB, but watch out for potential technical correction in short term as hourly RSI in overbought.
*Classic Support & Resistance*
Resistance: 1205.8 1217.2
Support: 1189.6 1178.5
*Recommend Trading Plan for the day:*
1. Buy 1201.3 for technical rebound, stop 1199.5, profit 1203.1/1204.9.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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