COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 7/1/2019 - Enter RSI overbought technical correction
InvestorsDoctor
Publish date: Mon, 07 Jan 2019, 10:28 AM
InvestorsDoctor
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7/1/2019
*Gold Feb 19*
Previous Close: 1287 -7.8
Gold retreat from 6 month high of around 1300 after stronger than expected US economic data pushed up DJI and USD.
Daily chart formed higher highs & lows in a more to bullish trend but may trigger RSI overbought technical correction in short term.
*Classic Support & Resistance*
Resistance: 1300.4 1313
Support: 1278.1 1267.5
*Recommend Trading Plan for the day:*
1. Trade in range 1278-1300, wait for breakout.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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