COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 18/12/2018 -back to above 1250 to retest previous high ahead of FOMC meeting
InvestorsDoctor
Publish date: Tue, 18 Dec 2018, 11:03 AM
InvestorsDoctor
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18/12/2018
*Gold Feb 19*
Previous Close: 1251.8 +10.4
Gold rebounded strongly yesterday, back to above 1250 ahead of FOMC meeting as supported by declining USD & US stock market.
Daily chart showed a rebound from middle line of BB, resume its rebound stage, close above 1256.6 previous high to trigger more rebound signal.
*Classic Support & Resistance*
Resistance: 1265.4 1284.1
Support: 1236.5 1221.8
*Recommend Trading Plan for the day:*
1. Buy 1252.3, stop 1250.7, profit 1253.9//1255.5.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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