COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 6/12/2019 - Testing rebound and entered range, wait for breakout

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Publish date: Fri, 06 Dec 2019, 11:10 AM
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6/12/2019
 
*Gold Feb 20*
 
Previous Close: 1483.1 +2.9
 
Gold settled slightly higher yesterday as uncertainty emerging from mixed messages on the US-China trade negotiations.
 
Hourly chart entered short term range, 1476 or 1490 wait for breakout.
 
*Classic Support & Resistance* 
Resistance: 1490 1496
Support:  1476 1465
 
*Recommend Trading Plan for the day:* 
1. Trade in range 1476-1490
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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