COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 13/12/2019 - Move in range, wait for more breakout

InvestorsDoctor
Publish date: Fri, 13 Dec 2019, 10:48 AM
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13/12/2019
 
*Gold Feb 20*
 
Previous Close: 1472.3 -2.7
 
Gold erased its gains from above 1490 level to near 1470 level after US President Donald Trump said they were close to a trade deal with China.
 
Hourly chart move within previous range, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1483 1496
Support:  1463 1442
 
*Recommend Trading Plan for the day:* 
1. Buy 1475.4, stop 1474.1, profit 1476.7/1478/1479.3
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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