COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 23/12/2019 - Move in range, wait for more breakout

InvestorsDoctor
Publish date: Mon, 23 Dec 2019, 02:15 PM
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23/12/2019
 
*Gold Feb 20*
 
Previous Close: 1480.9 -3.5
 
Gold dropped slightly on last Friday as pressured by more to bullish stock market.
 
Hourly chart still move within previous range, wait for more breakout.
 
*Classic Support & Resistance* 
Resistance: 1492 1500
Support:  1479 1474
 
*Recommend Trading Plan for the day:* 
1. Buy 1486, stop 1484.7, profit 1487.3/1488.6/1489.9
2. Sell 1484, stop 1485.3, profit 1482.7/1481.4/1480.1
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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