COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 30/8/2018 - Strong US economic data weighed down gold price
InvestorsDoctor
Publish date: Thu, 30 Aug 2018, 11:02 AM
InvestorsDoctor
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30/8/2018
*Gold Dec 18*
Previous Close: 1211.5 -2.9
Gold settled lower yesterday but managed to sustain above 1210 after a strong US GDP data.
Hourly chart showed gold remains in correction stage, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 1220.7 1228.5
Support: 1205.8 1189.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1214.
2. Sell 1210.4, stop 1211.6, profit 1209.2/1208.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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