COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 7/6/2019 - Unable to break above 1350 level, watch out for RSI bearish divergence
InvestorsDoctor
Publish date: Fri, 07 Jun 2019, 10:41 AM
InvestorsDoctor
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7/6/2019
*Gold Aug 19*
Previous Close: 1337.6 +9.1
Gold climbed higher yesterday on raising expectation of US interest rate cut.
Daily chart showed gold unable to sustain above previous high around 1350 level with possible RSI bearish divergence in hourly chart, be cautious of potential technical correction in short term.
*Classic Support & Resistance*
Resistance: 1349.8 1359
Support: 1324.7 1314.2
*Recommend Trading Plan for the day:*
1. Sell 1336.3, stop 1337.6, profit 1335/1333.7/1332.4
2. Look for buy signal above 1340
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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