COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 6/11/2019 - Sharp fall on US-China trade hopes

InvestorsDoctor
Publish date: Wed, 06 Nov 2019, 11:26 AM
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6/11/2019
 
Gold Dec 19
 
Previous Close: 1483.7 -27.4
 
Gold faced biggest fall in over a month as US-China trade hopes revived.
 
4H chart is forming double top bearish pattern from 1520 level, may test sideway low.
 
Classic Support & Resistance 
Resistance: 1526 1543
Support:  1465 1442
 
Recommend Trading Plan for the day: 
1. Buy 1489, stop 1487.7, profit 1490.3/1491.6/1492.9
2. Sell 1483.7, stop 1485, profit 1482.4/1481.1/1479.8
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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