COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 23/10/2019 - Move in range 1480-1500 wait for breakout

InvestorsDoctor
Publish date: Wed, 23 Oct 2019, 11:28 AM
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23/10/2019
 
*Gold Dec 19*
 
Previous Close: 1487.5 -0.6
 
Gold steadied in a tight range yesterday as market stay cautious ahead of Brexit vote and further US Federal Reserve interest decision.
 
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. Buy 1493.8, stop 1492.5, profit 1495.1/1496.4/1497.7
2. Sell 1490.6, stop 1491.9, profit 1489.3/1488/1486.7
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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