COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 20/11/2019 - Testing rebound, 1456 or 1476 wait for breakout

InvestorsDoctor
Publish date: Wed, 20 Nov 2019, 11:24 AM
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19/11/2019

Gold Dec 19

Previous Close: 1474.3 +2.4

Gold extended its gains yesterday 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. Buy 1476, stop 1474.7, profit 1477.3/1478.6/1479.9
2. Sell 1472, stop 1473.3, profit 1470.7/1469.4/1468.1

Margin Requirement (per lot)
USD 4950
Micro: USD 495

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

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