COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 21/8/2019 - Sideway to higher, wait for more breakout
InvestorsDoctor
Publish date: Wed, 21 Aug 2019, 11:26 AM
InvestorsDoctor
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21/8/2019
Gold Dec 19
Previous Close: 1515.7 +4.1
Gold recovered some from a more than 1% slide in the previous session, as US yields fell on increasing expectations for looser monetary policy.
Hourly chart in a triangle sideway to higher trend, wait for more breakout.
Classic Support & Resistance
Resistance: 1546 1570
Support: 1490 1465
Recommend Trading Plan for the day:
1. Buy 1519, stop 1517.7, profit 1520.3/1521.6/1522.9
2. Sell 1511.5, stop 1512.8, profit 1510.21508.9/1507.6
Margin Requirement (per lot)
USD 4950
Micro: USD 495
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