COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 23/11/2018 - Testing 61.8 Fibo, but watch out for RSI bearish divergence

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Publish date: Fri, 23 Nov 2018, 11:20 AM
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23/11/2018

 
*Gold Feb 19*
 
Previous Close: 1233.8
 
Please be noted that gold active month will change by end of Nov, traders may choose to trade Feb 19 contract. Gold move in sideway to higher trend during holiday, testing 61.8 Fibo retracement level, but watch out for potential RSI bearish divergence.
 
*Classic Support & Resistance* 
Resistance: 1245 1251.8
Support: 1224.5 1213.3
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 1236.7
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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