COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 24/9/2019 - Sideway 1490-1570, wait for more breakout
InvestorsDoctor
Publish date: Tue, 24 Sep 2019, 11:41 AM
InvestorsDoctor
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24/9/2019
*Gold Dec 19*
Previous Close: 1531.5 +16.4
Gold rose yesterday to its highest in over 2 weeks as weak economic data from the euro zone stoked global recession fears.
Hourly chart showed gold in wide range 1490-1570, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1536 1553
Support: 1518 1504
*Recommend Trading Plan for the day:*
1. Sell 1523.7, stop 1525, profit 1522.4/1521.1/1519.8
2. Buy 1529.6, stop 1528.3, profit 1530.9/1532.2/1533.5
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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