COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 23/10/2018 - Continue in sideway, wait for breakout
InvestorsDoctor
Publish date: Tue, 23 Oct 2018, 11:20 AM
InvestorsDoctor
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23/10/2018
*Gold Dec 18*
Previous Close: 1224.6 -4.1
Gold traded lower yesterday as USD strengthening, but as overall gold still in a sideway range.
Hourly chart showed gold testing 38.2 Fibo retracment level of swing 1219.3-1237.8, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 1237.8 1244.6
Support: 1219.3 1206.8
*Recommend Trading Plan for the day:*
1. Buy 1227.5, stop 1225.9, profit 1229.1/1230.7.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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