COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 26/10/2018 - Technically remain bullish but watch out for RSI bearish divergence

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Publish date: Fri, 26 Oct 2018, 10:50 AM
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26/10/2018

 
*Gold Dec 18*
 
Previous Close: 1232.4 +1.3
 
Gold again unable to sustain above 1240 as dragged down by recovery of stock market. 
 
Hourly chart showed a sideway after a RSI bearish divergence, wait for more breakout signal.
 
*Classic Support & Resistance* 
Resistance: 1244.7 1256.1
Support: 1228.3 1219.3
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 1228.3.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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