COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 8/10/2018 - In sideway, but retest 1200 support
InvestorsDoctor
Publish date: Mon, 08 Oct 2018, 10:55 AM
InvestorsDoctor
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8/10/2018
*Gold Dec 18*
Previous Close: 1205.6 +4
Gold rose on last Friday following a monthly US employment report falling to its lowest level in a year but drop back to near 1200 level after China market resume.
Daily & hourly charts showed a sideway to lower trend as technical indicators trending downside, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 1212.3 1218
Support: 1192.6 1184.3
*Recommend Trading Plan for the day:*
1. Sell 1199.5, stop 1200.6, profit 1198.4/1197.3.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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