COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 18/7/2019 - Testing upside of sideway
InvestorsDoctor
Publish date: Thu, 18 Jul 2019, 12:04 PM
InvestorsDoctor
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18/7/2019
*Gold Aug 19*
Previous Close: 1423.3 +12.1
Gold prices jumped to above 1420 yesterday on weaker stock market.
Hourly chart showed gold move in a wide range 1384-1443, wait for breakout.
*Classic Support & Resistance*
Resistance: 1443 1470
Support: 1400 1384
*Recommend Trading Plan for the day:*
1. Sell 1422.3 for correction, stop 1423.6, profit 1421/1419.7/1418.4
2. Look for buy signal above 1432
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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