COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 3/12/2019 - move within previous range, wait for more breakout

InvestorsDoctor
Publish date: Tue, 03 Dec 2019, 12:07 PM
InvestorsDoctor
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3/12/2019
 
Gold Feb 20
 
Previous Close: 1469.2 -3.5
 
Gold down to test 1470 level despite a selloff in US stock market. 
 
Hourly chart in range 1446-1479, wait for more breakout.
 
Classic Support & Resistance 
Resistance: 1479 1489
Support:  1459 1446
 
Recommend Trading Plan for the day: 
1. Sell 1467, stop 1468.3, profit 1465.7/1464.4/1463.1
2. Buy 1470, stop 1468.7, profit 1471.3/1472.6/1473.9
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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