COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 4/12/2018 - Bullish signal coming, aim for buy setup and monitor DXY
InvestorsDoctor
Publish date: Tue, 04 Dec 2018, 10:25 AM
InvestorsDoctor
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4/12/2018
*Gold Feb 19*
Previous Close: 1239.6 +13.6
Gold edged up to test 1240, hit almost 1 month high as boosted by a sell-off in the dollar after the United States and China called a truce on fresh trade tariffs.
Hourly chart formed a more to bullish trend but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1252 1265.4
Support: 1233 .1 1221.8
*Recommend Trading Plan for the day:*
1. Buy 1240.5, stop 1238.9, profit 1242.1/1243.7/1245.3.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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