COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 29/10/2019 - Sharp correction from 1520 level
InvestorsDoctor
Publish date: Tue, 29 Oct 2019, 11:46 AM
InvestorsDoctor
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29/10/2019
*Gold Dec 19*
Previous Close: 1495.8 -9.5
Gold erased its previous gains and fell to below 1500 level on strong US stock market and the USD.
4H chart in sideway, with technical indicators in neutral and BB in flat, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1511 1526
Support: 1478 1465
*Recommend Trading Plan for the day:*
1. Buy 1496.5, stop 1495.2, profit 1497.8/1499.1/1500.4
2. Sell 1492.2, stop 1493.5, profit 1490.9/1489.6/1488.3
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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