COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 21/2/2019 - Bullish but watch out as RSI in overbought
InvestorsDoctor
Publish date: Thu, 21 Feb 2019, 10:54 AM
InvestorsDoctor
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21/2/2019
*Gold Apr 19*
Previous Close: 1347.9 +3.1
Gold held above 1340 after US Fed meeting minutes raised hope of slowing interest rate hike.
Daily chart formed higher highs & lows, more to bullish, but watch out as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1359 1369.4
Support: 1331.1 1323.8
*Recommend Trading Plan for the day:*
1. Sell 1338.8, stop 1337/1335.2/1333.4.
2. 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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