COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 31/12/2018 - Remain in rebound stage but watch out for potential RSI bearish divergence

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Publish date: Mon, 31 Dec 2018, 10:51 AM
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31/12/2018

 
*Gold Feb 19*
 
Previous Close: 1283 +1.9
 
Gold held near 6 month highs on last Friday, helped by a softer USD, concerns over slowing economic growth and wild swings in stock market.
 
Hourly chart showed gold remain in rebound stage with higher highs & lows, but watch out for potential RSI bearish divergence.
 
*Classic Support & Resistance* 
Resistance: 1286.8 1300
Support: 1273.2 1267.4
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 1284.7
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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