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19/6/2018
Gold Aug 18
Previous Close: 1280.1 +1.6
Gold held steadily yesterday, with a strong USD offsetting the impact on prices of an escalating trade dispute between the US and China. However, gold show some further rebound this morning after US impose additional tariffs on China.
Daily chart show gold rebounded from outside of BB, yet overall trend is still weak. Hourly chart show a breakout from previous sideway, may test resistance 1st.
Classic Support & Resistance
Resistance: 1296.2 1313
Support: 1277.9 1268.4
Recommend Trading Plan for the day:
1. Buy 1286.6, stop 1285.3, profit 1287.9/1289.2.
2. Look for sell signal if break below 1277.9.
Margin Requirement (per lot)
USD 3410
Micro: USD 341
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