COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 24/10/2019 - Move in range 1480-1500 wait for breakout
InvestorsDoctor
Publish date: Fri, 25 Oct 2019, 11:25 AM
InvestorsDoctor
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25/10/2019
*Gold Dec 19*
Previous Close: 1504.7 +9
Gold rose to 2 week high at above 1500 level after weak economic data from the US raised expectations for another interest rate cut by the Federal Reserve.
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: 1526 1543
Support: 1478 1465
*Recommend Trading Plan for the day:*
1. Buy 1507, stop 1505.7, profit 1508.3/1509.6/1510.9
2. Sell 1503.3, stop 1504.6, profit 1502/1500.7/1499.4
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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