COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 19/11/2018 - Continue rebound to test 61.8 Fibo retracement level

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Publish date: Mon, 19 Nov 2018, 10:32 AM
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19/11/2018

*Gold Dec 18*

Previous Close: 1223 +8

Gold rose nearly 1% on last Friday as USD fell after US Federal Reserve officials made cautions comments that fed doubt about the outlook for interest rate hikes.

Hourly chart formed higher highs & lows, continue testing rebound with now around 61.8 Fibo retracement level.

*Classic Support & Resistance*
Resistance: 1228.5 1239.3
Support: 1207.1 1196.6

*Recommend Trading Plan for the day:*
1. Look for buy signal above 1226.
2. Look for sell signal below 1220.4.

*Margin Requirement (per lot)*
USD 3740
Micro: USD 374

Disclaimer: Idea sharing only, trade at your own risk.

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