COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 14/11/2018 - Watch out for potential inverse H&S signal

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Publish date: Wed, 14 Nov 2018, 11:22 AM
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14/11/2018

 
*Gold Dec 18*
 
Previous Close: 1201.4 -2.1
 
Gold was steadied above 1200 level yesterday on firm USD, but edged up this morning to test resistance as index market showed weakness.
 
Hourly chart showed a potential inverse H&S bullish signal, watch out for buy signal above 1205.5, with forecast price target at around 1214.4.
 
*Classic Support & Resistance* 
Resistance: 1212 1222.5 
Support: 1196.6 1184.3
 
 *Recommend Trading Plan for the day:* 
1. Buy 1205.6 for technical rebound, stop 1202 profit 1209.2/1212.8.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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