COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 11/12/2018 - Enter technical correction with overall more to bullish trend

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Publish date: Tue, 11 Dec 2018, 11:15 AM
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11/12/2018

 
*Gold Feb 19*
 
Previous Close: 1249.4 -3.2
 
Gold eased from 5 month high as USD rebound.
 
Hourly chart showed gold entered technical correction yet overall in bullish trend.
 
*Classic Support & Resistance* 
Resistance: 1256.6 1265.4 
Support: 1238.7 1233.1
 
 *Recommend Trading Plan for the day:* 
1. Look for technical correction sell signal below 1247
2. Look for buy signal above 1253
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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