COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 26/2/2019 - Enter sideway, wait for more breakout

InvestorsDoctor
Publish date: Tue, 26 Feb 2019, 11:28 AM
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26/2/2019

 
*Gold Apr 19*
 
Previous Close: 1329.5 -3.3
 
Gold held steady around 1230 level as USD remains in correction ahead of US-China trade deal.
 
Hourly chart showed gold move in range, may enter sideway with technical indicators in neutral.
 
*Classic Support & Resistance* 
Resistance: 1335.6 1344.3
Support: 1323.3 1317.2
 
*Recommend Trading Plan for the day:* 
1. Trade in range 1320-1340.
2. Buy 1332.5, stop 1331, profit 1334/1335.5.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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