COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 19/9/2019 - Continue in range after expected rate cut
InvestorsDoctor
Publish date: Thu, 19 Sep 2019, 11:54 AM
InvestorsDoctor
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19/9/2019
*Gold Dec 19*
Previous Close: 1515.8 +2.4
Gold edged slightly higher yesterday but drop back to test 1500 level today after the US Federal Reserve decided to cut interest rates, a decision that was widely expected.
Hourly chart showed gold in range, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1520 1536
Support: 1490 1468
*Recommend Trading Plan for the day:*
1. Buy 1503.8, stop 1502.5, profit 1505.1/1506.4/1507.7
2. Look for sell signal below 1500
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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