COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 13/2/2019 - In technical correction, watch out for Fibo level
InvestorsDoctor
Publish date: Wed, 13 Feb 2019, 10:58 AM
InvestorsDoctor
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13/2/2019
*Gold Apr 19*
Previous Close: 1314 +2.1
Gold settled with a small gains on a slight retreat of USD.
Hourly chart showed a technical correction but managed to hold above 61.8 Fibo retracement level of swing 1275.3-1328.2 which is around 1308, required to close below 1306.4 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1321 1328.2
Support: 1306.4 1295.7
*Recommend Trading Plan for the day:*
1. Buy 1316.2, stop 1314.9, profit 1317.5/1318.8/1320.1.
2. Look for sell signal below 1311.6.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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