COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 17/7/2019 - Sideway as market stay cautious ahead of possible interest rate cut this month

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Publish date: Wed, 17 Jul 2019, 11:25 AM
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17/7/2019
 
*Gold Aug 19*
 
Previous Close: 1411.2 -2.3
 
Gold prices move in tight range ahead of interest rate decision this month.
 
Hourly chart showed gold move in a wide range 1381-1443, wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1430 1443
Support:  1403 1381
 
*Recommend Trading Plan for the day:* 
1. Trade in range 1402-1422
 
*Margin Requirement (per lot)* 
USD 4400
Micro: USD 440
 
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