COMEX Gold Update

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

InvestorsDoctor
Publish date: Thu, 12 Dec 2019, 11:40 AM
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12/12/2019
 
Gold Feb 20
 
Previous Close: 1475 +10.1
 
Gold rose yesterday after the Federal Reserve held interest rates steady and indicated that no action is likely next year amid persistently low inflation.
 
Hourly chart move within previous range, wait for more breakout.
 
Classic Support & Resistance 
Resistance: 1490 1500
Support:  1470 1460
 
Recommend Trading Plan for the day: 
1. Sell 1478.5, stop 1479.8, profit 1477.2/1475.9/1474.6
 
Margin Requirement (per lot) 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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