COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 7/10/2019 - Enter sideway 1501-1526

InvestorsDoctor
Publish date: Mon, 07 Oct 2019, 11:18 AM
InvestorsDoctor
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7/10/2019

 
*Gold Dec 19*
 
Previous Close: 1512.9 -0.9
 
Gold moved in sideway range on last Friday as gains were limited by rebound in US stock market & USD.
 
Hourly chart entered sideway 1501-1526, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1526 1543
Support: 1501 1480
 
*Recommend Trading Plan for the day:* 
1. Sell 1511, stop 1512.3, profit 1509.7/1508.4/1507.1
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495

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