COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 18/10/2018 - In technical correction after hawkish FOMC meeting minutes
InvestorsDoctor
Publish date: Thu, 18 Oct 2018, 10:48 AM
InvestorsDoctor
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18/10/2018
*Gold Dec 18*
Previous Close: 1227.4 -3.6
Gold settled lower yesterday after a hawkish FOMC meeting minutes.
Hourly chart showed gold in techncial correction, testing 38.2 Fibo retracement of swing 1219.3-1237.8. Technical indicators crossing down, may weigh down gold price.
*Classic Support & Resistance*
Resistance: 1237.8 1244.6
Support: 1219.3 1205.3
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1223.7.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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