COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 11/2/2019 - Enter technical correction from RSI bearish divergence
InvestorsDoctor
Publish date: Mon, 11 Feb 2019, 11:38 AM
InvestorsDoctor
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11/2/2019
*Gold Apr 19*
Previous Close: 1318.2 +4.4
Gold was higher on last Friday but ended the week with losses as pressured by gains in USD.
Daily chart showed gold testing for a technical correction from RSI bearish divergence, yet overall remain in a rebound stage, close below 1306 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1328.2 1337.6
Support: 1296.5 1275.3
*Recommend Trading Plan for the day:*
1. Sell 1314.9 for technical correction, stop 1316.2, profit 1313.6/1312.3/1311.
2. Look for buy signal above 1319.5.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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