COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 13/6/2019 - Entered wide range, but likely supported by rate cut expectation
InvestorsDoctor
Publish date: Thu, 13 Jun 2019, 10:20 AM
InvestorsDoctor
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13/6/2019
*Gold Aug 19*
Previous Close: 1336.8 +10.4
Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth.
Hourly chart showed gold in a sideway 1323.6-1352.7, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1352.7 1369.4
Support: 1323.6 1314.2
*Recommend Trading Plan for the day:*
1. Buy 1342.4, stop 1341.1, profit 1343.7/1345/1346.3
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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