COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 12/11/2019 - testing below 1450, more downside ahead

InvestorsDoctor
Publish date: Wed, 13 Nov 2019, 11:36 AM
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13/11/2019
 
*Gold Dec 19*
 
Previous Close: 1453.7 -3.4
 
Gold extended its losses to test below 1450 level yesterday as pressured by firm stock market and USD.
 
Daily chart formed lower high & low, likely to trigger more correction.
 
*Classic Support & Resistance* 
Resistance: 1474 1496
Support:  1446 1420
 
*Recommend Trading Plan for the day:* 
1. Buy 1461.4, stop 1460.1, profit 1462.7/1464/1465.3
2. Sell 1456.3, stop 1457.6, profit 1455/1453.7/1452.4
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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