18/6/2018
*Gold Aug 18*
Previous Close: 1278.5 -22.8
Gold slumped to near 6 months low despite US trade war tension resurface.
Daily chart show gold break down from sideway, trend more to bearish while hourly chart in RSI oversold, watch out for any technical rebound signal in short term before it test further support level.
*Classic Support & Resistance*
Resistance: 1296.2 1313
Support: 1268.4 1252.8
*Recommend Trading Plan for the day:*
1. Buy 1282.6 for a technical rebound, stop 1281.4, profit 1283.8/1285.
2. Sell 1281.4, stop 1282.6, profit 1280.2/1279.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
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