COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 8/10/2019 - Retest below 1500 level

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Publish date: Tue, 08 Oct 2019, 11:08 AM
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8/10/2019

 
*Gold Dec 19*
 
Previous Close: 1504.4 -8.5
 
Gold inched lower to test below 1500 level as market stay cautious ahead of FOMC meeting minutes and US-China trade talk.
 
Hourly chart break down from short term sideway , likely to test next support level.
 
*Classic Support & Resistance* 
Resistance: 1510 1526
Support: 1480 1465
 
*Recommend Trading Plan for the day:* 
1. Buy 1500, stop 1498.7, profit 1501.3/1502.6/1503.9
2. Sell 1493.7, stop 1495, profit 1492.4/1491.1/1489.8
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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