COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 17/9/2019 - Gap up after attack on Saudi oil facilities

InvestorsDoctor
Publish date: Tue, 17 Sep 2019, 11:18 AM
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17/9/2019
 
*Gold Dec 19*
 
Previous Close: 1511.5 +15.8
 
Gold surged more than 1% yesterday after an attack on Saudi oil facilities raised concerns of middle east tension.
 
Hourly chart showed gold unable to hold above 1520 level, testing to close downside gap below 1500.
 
*Classic Support & Resistance* 
Resistance: 1520 1536
Support:  1490 1468
 
*Recommend Trading Plan for the day:* 
1. Sell 1503.3, stop 1504.6, profit 1502/1500.7/1499.4
2. Buy 1508.5, stop 1507.2, profit 1509.8/1511.1/1512.4
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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