COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 3/10/2019 - Strong rebound on bearish US economic data

InvestorsDoctor
Publish date: Thu, 03 Oct 2019, 11:20 AM
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3/10/2019

 
*Gold Dec 19*
 
Previous Close: 1507.9 +18.9
 
Gold jumped strongly yesterday and back to above 1500 level on bearish US economic data sent stock market & USD lower.
 
4H chart testing rebound from oversold, above 1512 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 1520 1543
Support: 1480 1465
 
*Recommend Trading Plan for the day:* 
1. Buy 1511.5, stop 1510.2, profit 1512.8/1514.1/1515.4
2. Sell 1503.7, stop 1505, profit 1502.4/1501.1/1499.8
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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