COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 12/10/2018 - Break out strongly to hit 2 month high, rebound start here?
InvestorsDoctor
Publish date: Fri, 12 Oct 2018, 11:41 AM
InvestorsDoctor
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12/10/2018
*Gold Dec 18*
Previous Close: 1227.6 +34.2
Gold rose sharply yesterday to more than 2 month high as global stock market sell off triggered buying interest.
Daily & hourly charts showed gold breakout from sideway, likely to continue test resistance. Gold retreated from high of near 1230, which is also near Fibo level.
*Classic Support & Resistance*
Resistance: 1244.7 1259.5
Support: 1209.3 1194.7
*Recommend Trading Plan for the day:*
1. Buy 1225.9, stop 1224.7, profit 1227.1/1228.3.
2. Look for sell signal below 1221.2.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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