COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 12/3/2019 - Entering range 1280-1300, wait for more breakout
InvestorsDoctor
Publish date: Tue, 12 Mar 2019, 11:11 AM
InvestorsDoctor
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12/3/2019
*Gold Apr 19*
Previous Close: 1291.1 -8.2
Gold fell yesterday on higher USD as global stock market rebound and stronger than expected US retail sales data.
Hourly chart formed a technical correction from high of above 1300, entering a range from 1280-1302, wait for more breakout signal.
*Classic Support & Resistance*
Resistance: 1301.3 1313.4
Support: 1280.8 1275.3
*Recommend Trading Plan for the day:*
1. Buy 1301.4, stop 1300.2, profit 1302.6/1303.8/1305.
2. Look for sell signal below 1288.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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