COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 4/10/2018 - Hawkish US Fed Chair comment sent gold back to test 1200 level
InvestorsDoctor
Publish date: Thu, 04 Oct 2018, 11:40 AM
InvestorsDoctor
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4/10/2018
*Gold Dec 18*
Previous Close: 1202.9 -4.1
Gold retreat from near 2 week high as USD went higher after a more to hawkish speech given by US Fed Chair, signaled more rate hikes to come.
Daily chart showed gold remains in sideway to lower trend while hourly chart showed gold retreats from double top signal at high of 1212.3.
*Classic Support & Resistance*
Resistance: 1212.3 1215.8 1218
Support: 1192.6 1188.1 184.3
*Recommend Trading Plan for the day:*
1. Sell 1200.3, stop 1202.2, profit 1198.4/1196.5.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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