COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 15/11/2019 - testing rebound from oversold

InvestorsDoctor
Publish date: Fri, 15 Nov 2019, 10:53 AM
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15/11/2019

 
*Gold Dec 19*
 
Previous Close: 1473.4 +10.1
 
Gold extended its gains yesterday as market stay cautious of US-China trade deal.
 
Hourly chart testing rebound and testing 38.2 Fibo retracement level of swing 1519-1446, close above 1476 to trigger more upside.
 
*Classic Support & Resistance* 
Resistance: 1476 1489
Support: 1456 1442
 
*Recommend Trading Plan for the day:* 
1. Sell 1467.3, stop 1468.6, profit 1466/1464.7/1463.4
2. Look for buy signal above 1475.5
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495

Disclaimer: For idea sharing only, trade at your own risk
 
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