COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 23/9/2019 - Sideway 1490-1540, wait for more breakout

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Publish date: Mon, 23 Sep 2019, 11:33 AM
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23/9/2019
 
Gold Dec 19
 
Previous Close: 1515.1 +8.9
 
Gold edged higher on last Friday on decline of US stock market and testing above 1520 level this morning.
 
Hourly chart showed gold in sideway, wait for more breakout.
 
Classic Support & Resistance 
Resistance: 1536 1566
Support:  1490 1480
 
Recommend Trading Plan for the day: 
1. Buy 1527, stop 1525.7, profit 1528.3/1529.6/1530.9
2. Look for sell signal below 1518
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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