COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 16/10/2018 - In correction but still supported by buyers, wait for breakout
InvestorsDoctor
Publish date: Tue, 16 Oct 2018, 12:05 PM
InvestorsDoctor
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16/10/2018
*Gold Dec 18*
Previous Close: 1230.3 +2.7
Gold closed slightly higher as USD showed some weakness.
Daily chart showed gold sustain above sideway, likely continue to test rebound while hourly chart showed gold entering sideway after a strong gain, wait for breakout.
*Classic Support & Resistance*
Resistance: 1237.8 1244.6
Support: 1219.3 1208.6
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1227.3.
2. Look for buy signal above 1232.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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