COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 28/11/2019 - move within previous range, wait for more breakout

InvestorsDoctor
Publish date: Thu, 28 Nov 2019, 03:54 PM
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28/11/2019
 
Gold Feb 20
 
Previous Close: 1460.8 -6.6
 
Gold fell to near 1460 level yesterday as equities climbed to record levels on more to bullish economic data.
 
Hourly chart in range 1453-1486, wait for more breakout.
 
Classic Support & Resistance 
Resistance: 1474 1480
Support:  1463 1453
 
Recommend Trading Plan for the day: 
1. Sell 1460.8, stop 1462.1, profit 1459.5/1458.2/1456.9
2. Buy 1464.8, stop 1463.5, profit 1466.1/1467.4/1468.7
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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