COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 27/2/2019 - Enter sideway, wait for more breakout

InvestorsDoctor
Publish date: Wed, 27 Feb 2019, 11:55 AM
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27/2/2019

 
Gold Apr 19
 
Previous Close: 1328.5 -1
 
Gold dipped slightly after US Federal Reserve Chairman speech. 
 
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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