COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 11/3/2019 - Testing rebound, bullish above 1300
InvestorsDoctor
Publish date: Mon, 11 Mar 2019, 11:31 AM
InvestorsDoctor
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11/3/2019
*Gold Apr 19*
Previous Close: 1299.3 +13.2
Gold rose 1% and once hit above 1300 on last Friday as weak US economic data dragged down USD.
Hourly chart showed gold entered sideway from 1282-1292, wait for breakout.
*Classic Support & Resistance*
Resistance: 1301.3 1313.4
Support: 1291.8 1282
*Recommend Trading Plan for the day:*
1. Buy 1301.4, stop 1300, profit 1302.8/1304.2/1305.6.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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