COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 5/11/2018 - Remain in range, wait for breakout
InvestorsDoctor
Publish date: Mon, 05 Nov 2018, 11:08 AM
InvestorsDoctor
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5/11/2018
*Gold Dec 18*
Previous Close: 1233.3 -5.3
Gold slipped on last Friday as USD regained some ground on the back of strong US jobs data, putting the gold on track for its first weekly loss in 5 weeks.
Hourly chart showed gold entered a sideway range but slightly bearish as technical indicators crossing down.
*Classic Support & Resistance*
Resistance: 1246 1259.5
Support: 12224 1213.4
*Recommend Trading Plan for the day:*
1. Trade on breakout 1231.3 or 1239.3.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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