COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 29/5/2019 - In sideway, wait for breakout

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Publish date: Wed, 29 May 2019, 10:35 AM
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29/5/2019
 
*Gold Jun 19*
 
Previous Close: 1277.1 -6.5
 
Gold edged away from the previous session’s 1 week peak as USD regained momentum.
 
Daily chart showed gold in a sideway 1267-1304, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1304.2 1324.5
Support:  1267.3 1245.3
 
*Recommend Trading Plan for the day:* 
1. Buy 1281.6, stop 1280.3, profit 1282.9/1284.2/1285.5
2. Look at sell signal below 1275
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
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