COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 1/8/2019 - Fell after a disappointed Fed rate outlook
InvestorsDoctor
Publish date: Thu, 01 Aug 2019, 11:38 AM
InvestorsDoctor
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1/8/2019
*Gold Dec 19*
Previous Close: 1431.8 -10
Gold prices fell yesterday after US Federal Reserve cut interest rates for the first time since 2008, as markets priced in the move and a lack of dovish outlook failed to cheer investors.
Hourly chart showed a sideway to bullish trend, wait for more breakout, with now testing rebound from oversold zone.
*Classic Support & Resistance*
Resistance: 1429 1448
Support: 1414 1400
*Recommend Trading Plan for the day:*
1. Buy 1422.7 for rebound, stop 1421.4, profit 1424/1425.3/1426.6
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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