COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 1/10/2018 - Strong US economic data & firm USD limit upside of gold
InvestorsDoctor
Publish date: Mon, 01 Oct 2018, 11:23 AM
InvestorsDoctor
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1/10/2018
*Gold Dec 18*
Previous Close: 1196.2 +8.8
Gold hit near 2 month low but rebounded in later session on last Friday. However, upside likely be limited as USD remains strong.
Daily chart showed gold break down from sideway, likely to test further support level. Hourly chart showed gold rebounded from RSI oversold.
*Classic Support & Resistance*
Resistance: 1198 1208.8
Support: 1184.3 1178.5
*Recommend Trading Plan for the day:*
1. Sell 1191.7, stop 1193.5, profit 1189.9/1188.1.
2. Look for buy signal above 1198.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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