COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 12/6/2019 - Testing technical correction after RSI bearish divergence, wait for more breakout
InvestorsDoctor
Publish date: Wed, 12 Jun 2019, 10:23 AM
InvestorsDoctor
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12/6/2019
Gold Aug 19
Previous Close: 1326.4 -2.9
Gold dipped slightly yesterday after a strong rebound.
Hourly chart showed gold entered technical correction after RSI bearish divergence. In a sideway now, 1324.7-1352.7, wait for more breakout
Classic Support & Resistance
Resistance: 1341.7 1352.7
Support: 1323.6 1314.2
Recommend Trading Plan for the day:
1. Sell 1330, stop 1331.3, profit 1328.7/1327.4/1326.1
2. Buy 1334.8 for rebound, stop 1333.5, profit 1336.1/1337.4/1338.7
Margin Requirement (per lot)
USD 3740
Micro: USD 374
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