COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 3/1/2019 - Highest since Jun 18, watch out for potential bearish divergence
InvestorsDoctor
Publish date: Thu, 03 Jan 2019, 11:15 AM
InvestorsDoctor
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3/1/2019
Gold Feb 19
Previous Close: 1284.1 +2.8
Gold inched up on yesterday as a dip in Asian market and worries about a sharp global economic slowdown. Weakening index futures this morning pushed gold to its highest since Jun 2018.
Hourly chart showed gold continue in rebound stage, may test 1300 level but watch out for potential RSI bearish divergence.
Classic Support & Resistance
Resistance: 1300 1313
Support: 1278.2 1267.4
Recommend Trading Plan for the day:
1. Buy 1292.5, stop 1289.9, profit 1295.1/1297.7.
Margin Requirement (per lot)
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
Disclaimer: Idea sharing only, trade at your own risk.
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