COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 9/11/2018 - In sideway but slightly bearish

InvestorsDoctor
Publish date: Fri, 09 Nov 2018, 11:19 AM
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9/11/2018

 
*Gold Dec 18*
 
Previous Close: 1225.1 -3.6
 
Gold slid as USD firms after Federal Reserve kept interest rates unchanged, as expected.  
 
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 1220.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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