4/6/2018
*Gold Aug 18*
Previous Close: 1299.3 -5.4
Gold dipped to below 1300 after US payrolls data better than expected pushed USD higher.
Daily chart trade below middle line of BB while MACD & RSI are more to downside, required price to close above 1312.6 to trigger further rebound signal. Hourly chart show gold still in range (1291.4-1307.2), wait for breakout.
*Classic Support & Resistance*
Resistance: 1301.5 1307.2
Support: 1291.4 1286.7
*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 1298.6.
2. Look for sell signal below 1295.7.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
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