COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 20/2/2019 - Bullish but watch out as RSI in overbought
InvestorsDoctor
Publish date: Wed, 20 Feb 2019, 11:31 AM
InvestorsDoctor
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20/2/2019
*Gold Apr 19*
Previous Close: 1344.8 +22.7
Gold hit 10 months high to test 1350 level on weaker USD ahead of FOMC meeting minutes. Watch out for FOMC meeting minutes on 3am tomorrow.
Daily chart formed higher highs & lows, more to bullish, but watch out as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1359 1369.4
Support: 1342.3 1331.1
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1349.8.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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