COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 16/11/2018 - Sustain above 1210 on weak USD, but be cautious of RSI bearish divergence
InvestorsDoctor
Publish date: Fri, 16 Nov 2018, 11:13 AM
InvestorsDoctor
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16/11/2018
*Gold Dec 18*
Previous Close: 1215 +4.9
Gold settled higher yesterday, sustain above 1210 level as USD weakened against the pound and euro after the British cabinet approved the prime minister's draft Brexit plan.
Hourly chart showed a technical rebound above middle line of BB, but watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1222.5 1228.5
Support: 1207.1 1196.6
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1217.8.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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