COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 26/12/2019 - Hit more than 1 month high, above 1510 for more upside

InvestorsDoctor
Publish date: Thu, 26 Dec 2019, 11:43 AM
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26/12/2019
 
*Gold Feb 20*
 
Previous Close: 1504.8 +16.1
 
Gold prices hit more than 1 month high on Tuesday as boosted by weak US economic data.
 
Hourly chart testing rebound, above 1510 to trigger more upside, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance: 1515 1525
Support:  1500 1490
 
*Recommend Trading Plan for the day:* 
1. Buy 1508.6, stop 1507.3, profit 1509.9/1511.2/1512.5
2. Sell 1507.2, stop 1508.5, profit 1505.9/1504.6/1503.3
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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