COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 24/10/2019 - Move in range 1480-1500 wait for breakout
InvestorsDoctor
Publish date: Thu, 24 Oct 2019, 11:38 AM
InvestorsDoctor
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24/10/2019
*Gold Dec 19*
Previous Close: 1495.7 +8.2
Gold jumped yesterday after UK pause on Brexit, while expectations of further monetary easing by central banks lent further support.
4H chart showed a sideway, with technical indicators in neutral and BB in flat, 1480 to 1500 level wait for breakout.
*Classic Support & Resistance*
Resistance: 1503 1508
Support: 1484 1478
*Recommend Trading Plan for the day:*
1. Sell 1493.5, stop 1494.8, profit 1492.2/1490.9/1489.6
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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