COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 11/11/2019 - Testing 1460 level, in technical correction

InvestorsDoctor
Publish date: Mon, 11 Nov 2019, 10:54 AM
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11/11/2019
 
*Gold Dec 19*
 
Previous Close: 1462.9 -3.5
 
Gold extended losses to test 1460 level as pressured by firm stock market and USD.
 
Daily chart formed lower high & low, likely to trigger more correction.
 
*Classic Support & Resistance* 
Resistance: 1496 1526
Support:  1442 1411
 
*Recommend Trading Plan for the day:* 
1. Buy 1464.7, stop 1463.4, profit 1466/1467.3/1468.6
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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