COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 4/11/2019 - Eased slightly on bullish stock market

InvestorsDoctor
Publish date: Mon, 04 Nov 2019, 11:28 AM
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4/11/2019
 
*Gold Dec 19*
 
Previous Close: 1511.4 -3.4
 
Gold prices eased on last Friday as pressured by better than expected US jobs numbers and strong factory data from China.
 
4H chart testing resistance in sideway, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance: 1526 1543
Support:  1498 1478
 
*Recommend Trading Plan for the day:* 
1. Buy 1517, stop 1515.7, profit 1518.3/1519.6/1520.9
2. Sell 1513, stop 1514.3, profit 1511.7/1510.4/1509.1
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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