COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 12/11/2018 - Sideway to lower trend on stronger USD

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Publish date: Mon, 12 Nov 2018, 11:20 AM
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12/11/2018

 
Gold Dec 18
 
Previous Close: 1208.6 -16.5
 
Gold fell to 1 month low as USD strengthening after FOMC meeting. 
 
Hourly chart showed a sideway to lower trend, may test support 1st.
 
Classic Support & Resistance 
Resistance: 1222.5 1228.5
Support: 1205.3 1194.7
 
 Recommend Trading Plan for the day: 
1. Look for sell signal below 1207.2.
2. Look for buy signal above 1214.1.
 
 Margin Requirement (per lot) 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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