COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 12/12/2018 - Enter technical correction with overall more to bullish trend
InvestorsDoctor
Publish date: Wed, 12 Dec 2018, 11:06 AM
InvestorsDoctor
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12/12/2018
*Gold Feb 19*
Previous Close: 1247.2 -2.2
Gold held steady near a 5 month peak yesterday as fading expectations of further interest rate hikes supported the price, despite the stronger USD pushed price slightly lower.
Hourly chart showed gold entered technical correction and now move in BB channel.
*Classic Support & Resistance*
Resistance: 1256.6 1265.4
Support: 1245.8 1238.7
*Recommend Trading Plan for the day:*
1. Buy 1251.4, stop 1249.6, profit 1253.2/1255.
2. Look for buy signal above 1245.8.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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