COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 13/3/2019 - More to bullish above 1300, but watch out for RSi bearish divergence
InvestorsDoctor
Publish date: Wed, 13 Mar 2019, 11:41 AM
InvestorsDoctor
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13/3/2019
*Gold Apr 19*
Previous Close: 1298.1 +7
Gold edged higher yesterday as supported by a retreat USD after an apparent breakthrough in Brexit negotiations between the EU and Britain
Hourly chart formed higher highs & lows, may test 38.2-61.8 Fibo retracement level of swing 1349.8-1280.8. Watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1316.5 1328.9
Support: 1290.6 1280.8
*Recommend Trading Plan for the day:*
1. Buy 1306, stop 1304.7, profit 1307.3/1308.6/1309.9.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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