COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 11/12/2019 - Move into range, wait for more breakout

InvestorsDoctor
Publish date: Wed, 11 Dec 2019, 11:03 AM
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10/12/2019
 
*Gold Feb 20*
 
Previous Close: 1464.9 -0.2
 
Gold got a lift form uncertainties surrounding US-China trade talks ahead of a Dec 15 tariff deadline and a weaker USD.
 
Hourly chart move within previous range, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1480 1490
Support:  1459 1446
 
*Recommend Trading Plan for the day:* 
1. Trade in range 1463-1474
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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