COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 28/8/2019 - Return to above 1550 level on weak market sentiment

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Publish date: Wed, 28 Aug 2019, 12:01 PM
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28/8/2019
 
*Gold Dec 19*
 
Previous Close: 1551.8 +14.6
 
Gold jumped 1% on recession fears and ongoing US-China trade dispute. 
 
Hourly chart entered range 1535-1565, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1555 1565
Support:  1535 1510
 
*Recommend Trading Plan for the day:* 
1. Sell 1541.3, stop 1542.6, profit 1540/1538.7/1537.4
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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