COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 7/12/2018 - Close above 1252 to trigger more upside, but watch out for potential RSI bearish divergence
InvestorsDoctor
Publish date: Fri, 07 Dec 2018, 12:32 PM
InvestorsDoctor
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7/12/2018
*Gold Feb 19*
Previous Close: 1243.6 -0.5
Gold not much changed yesterday but sustain at high since end of Oct 18 as supported by weakening USD & treasury yield.
Hourly chart formed a more to bullish trend, close above 1252 to trigger more upside, but watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1252 1265.4
Support: 1238.7 1221.8
*Recommend Trading Plan for the day:*
1. Buy 1245, stop 1243, profit 1247/1249.
2. Look for sell signal below 1240
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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