COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 25/9/2018 - Trade with cautious ahead of FOMC meeting result
InvestorsDoctor
Publish date: Tue, 25 Sep 2018, 10:43 AM
InvestorsDoctor
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25/9/2018
*Gold Dec 18*
Previous Close: 1204.4 +3.1
Gold ended higher and sustain above 1200 as USD fell after comments by ECB President on wage growth and healthy inflation lifted the Euro. Watch out for FOMC meeting result.
Daily & hourly charts showed gold move in a wide range, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 1208.8 1215.8
Support: 1196 1189.5
*Recommend Trading Plan for the day:*
1. Sell 1200.6, stop 1202.1, profit 1199.1/1197.6.
2. Look for buy signal above 1208.8.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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