COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 5/11/2019 - Eased slightly on bullish stock market

InvestorsDoctor
Publish date: Tue, 05 Nov 2019, 11:37 AM
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5/11/2019
 
*Gold Dec 19*
 
Previous Close: 1511.1 -3.7
 
Gold edged slightly lower as dragged down by bullish stock market and rebound in USD.
 
4H chart in sideway, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1526 1543
Support:  1498 1478
 
*Recommend Trading Plan for the day:* 
1. Sell 1507, stop 1508.3, profit 1505.7/1504.4/1503.1
2. Buy 1512, stop 1510.7, profit 1513.3/1514.6/1515.9
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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