COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 17/1/2019 - Trade within range of triangle pattern, wait for breakout

InvestorsDoctor
Publish date: Thu, 17 Jan 2019, 10:59 AM
InvestorsDoctor
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17/1/2019

 
*Gold Feb 19*
 
Previous Close: 1293.8 +5.4
 
Gold gained on yesterday but in a tighter trading range.
 
Hourly chart showed gold move in triangle sideway pattern and now testing resistance, 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 1285-1300.
 
 *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

Joseph

pray gold gain for today as well

2019-01-17 11:03

InvestorsDoctor

Hi @Joseph! You hold buy position now? What is your personal opinion for the gold?

2019-01-17 11:25

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