COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 9/5/2019 - false breakout and back to range
InvestorsDoctor
Publish date: Thu, 09 May 2019, 11:44 AM
InvestorsDoctor
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9/5/2019
*Gold Jun 19*
Previous Close: 1281.4 -4.2
Gold remained above 1280 level as US-China trade worries offset stronger USD.
4H chart showed a false breakout above 1291 and back to range, continue in sideway, wait for breakout.
*Classic Support & Resistance*
Resistance: 1292.8 1299.1
Support: 1278.1 1267.3
*Recommend Trading Plan for the day:*
1. Buy 1283.8, stop 1282.6, profit 1285/1286.2/1287.4
2. Sell 1278, stop 1279.2, profit 1276.8/1275.6/1274.4
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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