COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 21/10/2019 - Move in range 1480-1500 wait for breakout

InvestorsDoctor
Publish date: Mon, 21 Oct 2019, 11:07 AM
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21/10/2019
 
*Gold Dec 19*
 
Previous Close: 1494.1 -4.2
 
Gold ended lower on last Friday as market stay cautious over uncertainties of Brexit deal & US-China trade relation.
 
Hourly chart in range of 1478-1508, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1508 1526
Support:  1478 1465
 
*Recommend Trading Plan for the day:* 
1. Sell 1492.5, stop 1493.8, profit 1491.2/1489.9/1488.6
2. Buy 1496, stop 1494.7, profit 1497.3/1498.6/1499.9
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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