COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 7/5/2019 - Enter range, wait for breakout

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Publish date: Tue, 07 May 2019, 10:46 AM
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7/5/2019
 
*Gold Jun 19*
 
Previous Close: 1283.8 +2.5
 
Gold settled higher yesterday as boosted by a slide in global stock markets after US threat of further tariffs on China, but upside was limited by strong USD.
 
4H chart showed gold in a sideway 1267-1291, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1290.9 1299.1
Support:  1278.1 1267.3
 
*Recommend Trading Plan for the day:* 
1. Trade in range 1278-1288
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
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