COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 16/8/2019 - Sideway to higher, wait for more breakout
InvestorsDoctor
Publish date: Fri, 16 Aug 2019, 10:36 AM
InvestorsDoctor
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16/8/2019
*Gold Dec 19*
Previous Close: 1531.2 +3.4
Gold was slightly higher yesterday on market uncertainty and possible rate cut.
Hourly chart in a sideway to higher trend, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1546 1560
Support: 1516 1504
*Recommend Trading Plan for the day:*
1. Sell 1531 for technical correction, stop 1532.3, profit 1529.7/1528.4/1527.1
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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