COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 6/3/2019 - More than 1 month low, bearish but watch out for RSI bullish divergence
InvestorsDoctor
Publish date: Wed, 06 Mar 2019, 11:25 AM
InvestorsDoctor
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6/3/2019
*Gold Apr 19*
Previous Close: 1284.7 -2.8
Gold slipped to their lowest in more than 5 weeks yesterday, as USD rose on stronger than expected economic data.
Hourly chart showed gold formed lower highs & lows, more to bearish, but be cautious of potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1298.1 1313.4
Support: 1275.3 1257.1
*Recommend Trading Plan for the day:*
1. Buy 1291.1 for technical rebound, stop 1289.7, profit 1292.5/1293.9/1295.3.
2. Sell 1286.4, stop 1287.8, profit 1285/1283.6/1282.2.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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