COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 10/10/2018 - Slightly higher as US Dollar index retreat from high
InvestorsDoctor
Publish date: Wed, 10 Oct 2018, 10:42 AM
InvestorsDoctor
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10/10/2018
*Gold Dec 18*
Previous Close: 1191.5 +2.9
Gold ended slightly higher yesterday amid worries over a potential slowdown in China's economic growth and as the USD eased against the yen.
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 1220.7
Support: 1184.3 1167.1
*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 1195.8.
2. Look for sell signal below 1184.3.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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