COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 30/4/2019 - Retreat from 50% fibo retracement level, back to correction stage
InvestorsDoctor
Publish date: Tue, 30 Apr 2019, 11:57 AM
InvestorsDoctor
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30/4/2019
*Gold Jun 19*
Previous Close: 1281.5 -7.3
Gold slumped to test 1280 level again as weighed down by palladium & positive US economic data.
Hourly chart showed gold break down from rebound channel, required to close above 1291 for more upside.
*Classic Support & Resistance*
Resistance: 1290.9 1299.1
Support: 1275.2 1267.9
*Recommend Trading Plan for the day:*
1. Sell 1279.8, stop 1281, profit 1278.6/1277.4/1276.2
2. Look for buy signal above 1291
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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