COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 13/8/2019 - Bullish but be cautious of potential bearish divergence
InvestorsDoctor
Publish date: Tue, 13 Aug 2019, 11:35 AM
InvestorsDoctor
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13/8/2019
*Gold Dec 19*
Previous Close: 1517.2 +8.7
Gold edged higher yesterday as boosted by weakness in stock market, amid of possible further rate cut and ongoing, US-China trade war.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1540 1560
Support: 1510 1500
*Recommend Trading Plan for the day:*
1. Buy 1529.6, stop 1528.3, profit 1530.9/1532.2/1533.5
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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