COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 22/11/2018 - Technical rebound but watch out for RSI bearish divergence

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Publish date: Thu, 22 Nov 2018, 11:15 AM
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22/11/2018

 
*Gold Dec 18*
 
Previous Close: 1228 +6.8
 
Gold rebound ahead of holiday on weakening USD, but overall still in sideway.
 
Hourly chart showed a technical rebound but be cautious of RSI bearish divergence.
 
*Classic Support & Resistance* 
Resistance: 1239.3 1246
Support: 1218.5 1207.1
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 1230.9.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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