COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 1/11/2018 - Break down from sideway, trigger more correction ahead
InvestorsDoctor
Publish date: Thu, 01 Nov 2018, 10:54 AM
InvestorsDoctor
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1/11/2018
*Gold Dec 18*
Previous Close: 1215 -10.3
Gold slid to 3 week low yesterday as USD bounced to more than 1 year high and a strong recovery in stock market.
Hourly chart showed gold break down from sideway fro mRSI bearish divergence, likely to trigger more correction ahead.
*Classic Support & Resistance*
Resistance: 1228.8 1238.3
Support: 1208.6 1200.3
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1220.3.
2. Look for sell signal below 1213.4.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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