COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 18/9/2018 - rebound to above 1200 on weak USD, but upside limited ahead of FOMC meeting

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Publish date: Tue, 18 Sep 2018, 11:53 AM
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18/9/2018

Gold Dec 18
 
Previous Close: 1205.8 +7.5
 
Gold made gains on sliding USD yesterday, back to above 1200, but overall in sideway range as possible interest hike this month limit gold's upside. 
 
Hourly chart showed gold remains in correction stage, wait for more breakout signal.
 
Classic Support & Resistance 
Resistance: 1209.7 1220.7 
Support: 1189.5 1178.5 
 
 Recommend Trading Plan for the day: 
1. Look for sell signal below 1201.6.
 
 Margin Requirement (per lot) 
USD 3410 
Micro: USD 341
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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