COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 15/1/2019 - Forming triangle sideway pattern

InvestorsDoctor
Publish date: Tue, 15 Jan 2019, 11:19 AM
InvestorsDoctor
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15/1/2019

*Gold Feb 19*
 
Previous Close: 1292.4 +2.9
 
Gold prices rose to above 1290 yesterday as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world's 2nd largest economy and prompting investors to seek safety in the precious metal.
 
Hourly chart forming triangle sideway pattern, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1300.4 1313 
Support: 1286.7 1278.1
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 1280-1300.
 
 *Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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Discussions
Be the first to like this. Showing 2 of 2 comments

WongZhenKang

interesting, will hold for breakout

2019-01-15 11:24

InvestorsDoctor

Hi @WongZhenKang ! Any position you holding now?

2019-01-17 11:24

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