COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 1/11/2019 - Strong rebound to test 1520 level
InvestorsDoctor
Publish date: Fri, 01 Nov 2019, 10:56 AM
InvestorsDoctor
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1/11/2019
*Gold Dec 19*
Previous Close: 1514.8 +18.1
Gold climbed to near 1 week high as USD weakened after the Federal Reserve cut interest rates for the 3rd time this year, but signaled the monetary-easing cycle would be paused.
4H chart testing resistance in sideway, be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1526 1543
Support: 1498 1478
*Recommend Trading Plan for the day:*
1. Buy 1516.8, stop 1515.5, profit 1518.1/1519.4/1520.7
2. Sell 1510.4, stop 1511.7, profit 1509.1/1507.8/1506.5
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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