COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 16/1/2019 - Trade within range of triangle pattern, wait for breakout
InvestorsDoctor
Publish date: Wed, 16 Jan 2019, 10:19 AM
InvestorsDoctor
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16/1/2019
*Gold Feb 19*
Previous Close: 1288.4 -4
Gold eased yesterday as the USD and stock markets rebound, but losses were capped by concerns over slowing economic growth and prospects of a pause in US interest rate hikes.
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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