COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 26/11/2019 - Lower highs & lows to test support level on strong stock market & USD

InvestorsDoctor
Publish date: Tue, 26 Nov 2019, 11:50 AM
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26/11/2019

 
*Gold Feb 20*
 
Previous Close: 1463.8 -6.7
 
Strengthened US stock market & USD sent gold prices lower.
 
Daily chart testing technical correction, below 1453 to trigger more downside.
 
*Classic Support & Resistance* 
Resistance: 1470 1486
Support: 1453 1435
 
*Recommend Trading Plan for the day:* 
1. Buy 1462.3, stop 1461, profit 1463.6/1464.9/1466.2
2. Sell 1459, stop 1460.3, profit 1457.7/1456.4/1455.1
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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