COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 26/7/2019 - More to bullish and entered range, wait for more breakout

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Publish date: Fri, 26 Jul 2019, 11:52 AM
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26/7/2019
 
Gold Aug 19
 
Previous Close: 1414.7 -8.9
 
Gold retreated from 1 week high on robust US economic data.
 
4H chart entered sideway to higher trend while technical indicators in neutral, wait for more breakout.
 
Classic Support & Resistance 
Resistance: 1434 1443
Support:  1401 1384
 
Recommend Trading Plan for the day: 
1. Buy 1417.8, stop 1416.5, profit 1419.1/1420.4/1421.7
2. Look for sell signal below 1411
 
Margin Requirement (per lot) 
USD 4400
Micro: USD 440
 
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