COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 20/9/2019 - Continue in range after expected rate cut

InvestorsDoctor
Publish date: Fri, 20 Sep 2019, 12:00 PM
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20/9/2019
 
*Gold Dec 19*
 
Previous Close: 1506.2 -9.6
 
Gold continue to move in range after it drop back from near 1520 level as US cut interest rate within expectation.
 
Hourly chart showed gold in sideway, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1520 1536
Support:  1490 1468
 
*Recommend Trading Plan for the day:* 
1. Buy 1512.2, stop 1510.9, profit 1513.5/1514.8/1516.1
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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