COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 19/11/2019 - Testing rebound, 1456 or 1476 wait for breakout

InvestorsDoctor
Publish date: Tue, 19 Nov 2019, 11:24 AM
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19/11/2019

 
*Gold Dec 19*
 
Previous Close: 1471.9 +3.4
 
Gold recovered part of its previous losses on uncertainty of US-China trade deal.
 
Hourly chart testing rebound and entered sideway, 1456 or 1476 wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1489 1496
Support: 1456 1446
 
*Recommend Trading Plan for the day:* 
1. Sell 1468, stop 1469.3, profit 1466.7/1465.4/1464.1
2. Buy 1476, stop 1474.7, profit 1477.3/1478.6/1479.9
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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