COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 22/10/2018 - Short term in sideway, long term bullish
InvestorsDoctor
Publish date: Mon, 22 Oct 2018, 11:03 AM
InvestorsDoctor
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22/10/2018
*Gold Dec 18*
Previous Close: 1228.7 -1.4
Gold traded in range and settled slightly lower on last Friday, yet post a weekly gain.
Hourly chart showed gold in a sideway range, wait for breakout. Daily chart showed MACD above zero and crossing up, trend more to bullish.
*Classic Support & Resistance*
Resistance: 1237.8 1244.6
Support: 1226.2 1219.3
*Recommend Trading Plan for the day:*
1. Wait for more breakout signal.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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