COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 13/11/2018 - Break lower low, may retest 1200 level

InvestorsDoctor
Publish date: Tue, 13 Nov 2018, 10:25 AM
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13/11/2018

 
*Gold Dec 18*
 
Previous Close: 1203.5 -5.1
 
Gold continue to fall to more than 1 month low as weighed down by the Federal Reserve's hawkish interest rate policy and strengthening USD.
 
Hourly chart showed a sideway to lower trend, may retest 1200 level, but watch out for potential RSI bullish divergence.
 
*Classic Support & Resistance* 
Resistance: 1212 1222.5 
Support: 1194.7 1184.3
 
 *Recommend Trading Plan for the day:* 
1. Buy 1205.4 for technical rebound, stop 1204.2, profit 1206.6/1207.8.
2. Look for sell signal below 1200.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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