21/6/2018
*Gold Aug 18*
Previous Close: 1274.5 -4.1
Gold fell again and remain at 6 month low as strong USD and raising US treasury yield pressured down the price.
Daily chart show gold more to bearish as BB expanding downside while RSI & MACD crossing down, but watch out for potential technical rebound from RSI oversold.
*Classic Support & Resistance*
Resistance: 1279.9 1286.8
Support: 1252.8 1238.3
*Recommend Trading Plan for the day:*
1. Sell 1266.5, stop 1267.7, profit 1265.3/1264.1.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
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