COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 3/12/2018 - Retest 1230 level, wait for confirmation
InvestorsDoctor
Publish date: Mon, 03 Dec 2018, 11:17 AM
InvestorsDoctor
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3/12/2018
*Gold Feb 19*
Previous Close: 1226 -4.4
Gold finished lower at below 1230 on last Friday but testing rebound now after USD down on positive US-China talk.
Hourly chart showed gold above 61.8 Fibo retracement level, more to bullish, but overall still in sideway trend.
*Classic Support & Resistance*
Resistance: 1236.7 1245
Support: 1221.8 1216.8
*Recommend Trading Plan for the day:*
1. Buy 1230.1, stop 1228.9, profit 1231.3/1232.5.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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