COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 10/12/2018 - Bullish but watch out Fibo level at around 1260
InvestorsDoctor
Publish date: Mon, 10 Dec 2018, 10:25 AM
InvestorsDoctor
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10/12/2018
*Gold Feb 19*
Previous Close: 1252.6 +9
Gold hit a 5 month high on last Friday as USD slid following weaker-than-expected US jobs data that raised the possibility that the Federal Reserve might go slow on interest rate hikes next year.
Hourly chart formed a more to bullish trend with higher highs & lows, but watch out for Fibo level around 1260 and RSI in overbought.
*Classic Support & Resistance*
Resistance: 1265.4 1284.1
Support: 1238.7 1233.1
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1256.6.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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