COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 11/9/2019 - Entered technical correction, more downside if below 1490
InvestorsDoctor
Publish date: Wed, 11 Sep 2019, 11:32 AM
InvestorsDoctor
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11/9/2019
*Gold Dec 19*
Previous Close: 1499.2 -11.9
Gold failed to hold its gains above 1500 level and fell for 4th session as pressured by rising bond yield and US Dollar.
4H chart formed a breakout from double top bearish chart pattern, below 1490 will trigger more correction.
*Classic Support & Resistance*
Resistance: 1509 1524
Support: 1489 1465
*Recommend Trading Plan for the day:*
1. Buy 1501, stop 1499.7, profit 1502.3/1503.6/1504.9
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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