COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 17/6/2019 - Going technical correction, watch out for US Fed interest rate decision this week

InvestorsDoctor
Publish date: Mon, 17 Jun 2019, 11:10 AM
To get timely information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/


17/6/2019
 
*Gold Aug 19*
 
Previous Close: 1344.5 +0.8
 
Gold prices erased its gains from above 1360 to below 1350 on last Friday as upbeat US retail sales somewhat eased fears that the economy was slowing down in 2nd quarter. Watch out for Fed interest rate decision on 2am, 20/6.
 
Hourly chart triggered a RSI overbought correction, close below 1340 to trigger more correction.
 
*Classic Support & Resistance* 
Resistance: 1356.1 1362.2
Support:  1333.6 1323.6
 
*Recommend Trading Plan for the day:* 
1. Buy 1346.3, stop 1345, profit 1347.6/1348.9/1350.2
2. Look for sell signal below 1340
 
*Margin Requirement (per lot)* 
USD 3740
Micro: USD 374
 
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment