COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 24/8/2018 - Fell to below 1200 as pressured by stronger USD after US Fed signaled potential rate hike again
InvestorsDoctor
Publish date: Fri, 24 Aug 2018, 10:31 AM
InvestorsDoctor
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24/8/2018
*Gold Dec 18*
Previous Close: 1194 -9.3
Gold slid to below 1200 on yesterday, under pressure from a stronger USD and as US Federal Reserve reaffirmed their intention to raise interest rates this year.
Daily chart showed gold retraced from middle line of BB, still more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1208.4 1217.3
Support: 1178.5 1167.1
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1193.7.
2. Look for sell signal below 1189.5.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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