COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 19/7/2019 - Break out from sideway, more bullish signal ahead
InvestorsDoctor
Publish date: Fri, 19 Jul 2019, 11:55 AM
InvestorsDoctor
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19/7/2019
*Gold Aug 19*
Previous Close: 1428.1 +4.8
Gold prices rallied to its highest since May 2013 at this morning which is above 1450 level on raising expectation of US interest cut later this month.
Hourly chart showed gold break out from sideway, more to bullish, but be cautious for potential technical correction from RSI overbought.
*Classic Support & Resistance*
Resistance: 1454 1474
Support: 1427 1415
*Recommend Trading Plan for the day:*
1. Sell 1439.8 for technical correction, stop 1441.1, profit 1438.5/1437.2/1435.9
2. Buy 1448, stop 1446.7, profit 1449.3/1450.6/1451.9
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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