COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 18/10/2019 - Move in range 1480-1500 wait for breakout

InvestorsDoctor
Publish date: Fri, 18 Oct 2019, 10:53 AM
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18/10/2019
 
*Gold Dec 19*
 
Previous Close: 1498.3 +4.3
 
Gold settled slightly higher yesterday on weaker US economic data.
 
Hourly chart in range of 1478-1503, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1508 1526
Support:  1478 1465
 
*Recommend Trading Plan for the day:* 
1. Sell 1494, stop 1495.3, profit 1492.7/1491.4/1490.1
2. Look for buy signal above 1500
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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