COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 8/3/2019 - In sideway range 1282-1292, wait for breakout
InvestorsDoctor
Publish date: Fri, 08 Mar 2019, 11:07 AM
InvestorsDoctor
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8/3/2019
*Gold Apr 19*
Previous Close: 1286.1 -1.5
Gold down slightly as USD gained against the Euro after the European Central Bank postponed an interest rate rise, but the ECB's gloomy economic outlook limited the gold's fall.
Hourly chart showed gold entered sideway from 1282-1292, wait for breakout.
*Classic Support & Resistance*
Resistance: 1291.8 1298.1
Support: 1282 1275.3
*Recommend Trading Plan for the day:*
1. Trade in range 1282-1292.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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