COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 15/2/2019 - Strong rebound from below 1305, back to sideway range
InvestorsDoctor
Publish date: Fri, 15 Feb 2019, 11:06 AM
InvestorsDoctor
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15/2/2019
*Gold Apr 19*
Previous Close: 1313.9 -1.2
Gold was slightly lower yesterday on profit taking but managed to rebound from below 1310 level as supported by weakening USD.
Hourly chart showed gold move in a sideway, close below 1304.7 which is around 61.8 Fibo retracement level of swing 1275.3-1328.2 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1321.7 1328.2
Support: 1304.7 1295.7
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1317.4.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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