COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 25/7/2019 - More to bullish and entered range, wait for more breakout

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Publish date: Thu, 25 Jul 2019, 10:37 AM
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25/7/2019
 
*Gold Aug 19*
 
Previous Close: 1423.6 +1.9
 
Gold held steady yesterday ahead of US Federal Reserve decision on interest rate later this month.
 
4H chart entered sideway to higher trend while technical indicators in neutral, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1432 1454
Support:  1414 1401
 
*Recommend Trading Plan for the day:* 
1. Sell 1421, stop 1422.3, profit 1419.7/1418.4/1417.1
 
*Margin Requirement (per lot)* 
USD 4400
Micro: USD 440
 
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