COMEX Gold Update

Daily Futures Commentaries: [Comex Gold] 27/12/2019 - Hit 2 month high, above 1520 for more upside

InvestorsDoctor
Publish date: Fri, 27 Dec 2019, 12:18 PM
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27/12/2019
 
*Gold Feb 20*
 
Previous Close: 1514.4 +9.6
 
Gold prices hit 2 month high yesterday, continue its year end rally.
 
Hourly chart continue to rebound, above 1520 to trigger more upside, but be cautious as RSI in overbought.
 
*Classic Support & Resistance* 
Resistance: 1525 1535
Support:  1510 1500
 
*Recommend Trading Plan for the day:* 
1. Buy 1518.8, stop 1517.5, profit 1519.3/1520.6/1521.9
2. Sell 1517.2, stop 1518.5, profit 1515.9/1514.6/1513.3
 
*Margin Requirement (per lot)* 
USD 4950
Micro: USD 495
 
Disclaimer: For idea sharing only, trade at your own risk
 
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