COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 19/3/2019 - Close above 1311.6 to trigger more upside.

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Publish date: Tue, 19 Mar 2019, 11:52 AM
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19/3/2019

 
*Gold Apr 19*
 
Previous Close: 1301.5 -1.4
 
Gold down slightly yesterday as pressured by positive stock market, yet managed to sustain above 1300 level.
 
Hourly chart showed gold to retest previous high of around 1311.6, close above to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 1311.6 1316.5
Support: 1298 1290.6
 
*Recommend Trading Plan for the day:* 
1. Buy 1306.8, stop 1305.6, profit 1308/1309.2/1310.4.
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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