COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 14/10/2019 - Watch out for double top bearish pattern
InvestorsDoctor
Publish date: Mon, 14 Oct 2019, 11:48 AM
InvestorsDoctor
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14/10/2019
*Gold Dec 19*
Previous Close: 1488.7 -12.2
Gold fell again on last Friday as easing concerns around the US-China trade conflict.
Hourly chart break down from sideway and rebound from below 1480 level but unable to hold above 1500 level, more to bearish.
*Classic Support & Resistance*
Resistance: 1508 1526
Support: 1478 1465
*Recommend Trading Plan for the day:*
1. Buy 1495, stop 1493.7, profit 1496.3/1497.6/1498.9
2. Sell 1487, stop 1488.3, profit 1485.7/1484.4/1483.1
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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