22/6/2018
*Gold Aug 18*
Previous Close: 1270.5 -4
Gold fell again and remain at 6 month low, mainly weighed down by US treasury yield, despite a fall in USD and rising trade war tensions.
Daily chart show gold in correction as technical indicators crossing down while candles formed lower highs & lows, but watch out for potential RSI oversold technical rebound.
*Classic Support & Resistance*
Resistance: 1279.9 1286.8
Support: 1252.8 1238.3
*Recommend Trading Plan for the day:*
1. Look for buy signal if break above 1272.3.
2. Look for sell signal if break below 1268.4.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link: https://m.facebook.com/investorsdoctoracademy