COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 25/2/2019 - move within previous swing, wait for more breakout signal
InvestorsDoctor
Publish date: Mon, 25 Feb 2019, 10:41 AM
InvestorsDoctor
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25/2/2019
*Gold Apr 19*
Previous Close: 1332.8 +5
Gold was steady on last Friday but still on track for a 2nd weekly gain as sluggish US economic data showed worries about a global slowdown and market awaited result from US-China trade talks.
Hourly chart formed a RSI overbought technical correction and rebound from 1323 support level, close below 1323 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1340.1 1349.8
Support: 1323.3 1317.2
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1335.6.
2. Look for sell signal below 1323.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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