COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 7/11/2018 - Drop back to range, weakening buying signal
InvestorsDoctor
Publish date: Wed, 07 Nov 2018, 11:20 AM
InvestorsDoctor
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7/11/2018
Gold Dec 18
Previous Close: 1226.3 -7
Gold fell on yesterday, below 1230, back to sideway as US stock market and USD stay firm ahead of the outcome of US midterm elections.
Hourly chart showed gold entered a sideway range but slightly bearish as technical indicators crossing down.
Classic Support & Resistance
Resistance: 1239.3 1246
Support: 1213.4 1205.3
Recommend Trading Plan for the day:
1. Look for sell signal below 1224.2.
2. Look for buy signal above 1233.6.
Margin Requirement (per lot)
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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