COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 25/6/2019 - Highest since 6 years ago, more bullish
InvestorsDoctor
Publish date: Tue, 25 Jun 2019, 10:49 AM
InvestorsDoctor
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25/6/2019
*Gold Aug 19*
Previous Close: 1418.2 +18.1
Gold surged to its highest level in nearly six years yesterday as the prospects of lower Federal Reserve rates and supported by geopolitical tensions between the US and Iran.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence
*Classic Support & Resistance*
Resistance: 1448.3 1487.2
Support: 1404.3 1381.5
*Recommend Trading Plan for the day:*
1. Buy 1432.5, stop 1431.2, profit 1433.8/1435.1/1436.4
2. Sell 1425.7 for technical correction, stop 1427, profit 1424.4/1423.1/1421.8
*Margin Requirement (per lot)*
USD 4070
Micro: USD 407
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