COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 25/11/2019 - Failed to sustain above 1470 level

InvestorsDoctor
Publish date: Mon, 25 Nov 2019, 11:39 AM
InvestorsDoctor
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25/11/2019

 
Gold Dec 19
 
Previous Close: 1463.6 +0
 
Gold prices fell from above 1470 level as USD strengthened on a better than expected economic data.
 
Hourly chart move within previous range, 1446 or 1479 wait for breakout.
 
Classic Support & Resistance 
Resistance: 1479 1496
Support: 1446 1430
 
Recommend Trading Plan for the day: 
1. Buy 1462, stop 1463.3, profit 1460.7/1459.4/1458.1
2. Sell 1459.3, stop 1460.6, profit 1458/1456.7/1455.4
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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