22/2/2018
Gold Apr 18
Previous Close: 1332.1 +0.9
Gold slumped after initially popping higher on yesterday as investors reacted to the minutes of the Federal Reserve's latest policy meeting and rebound of USD. Bond yields had risen after the US issued more debt in anticipation of a higher deficit from last year's tax overhaul and a budget deal that will lift federal spending over the next two years.
In hourly chart, there is divergence that candles hit lower low but RSI & MACD rebound, may lift up gold price.
Price Level to monitor today:
Resistance: 1338.5 1345.8
Support: 1318.3 1313.2
Recommend Trading Plan for the day:
1. Sell 1323.8, stop 1328.3, profit 1319.3.
2. Look for buy signal if break above 1329.2.
Margin Requirement (per lot)
USD 3850
Micro: USD 385
Disclaimer: Idea for sharing purpose, trade at your own risk.