27/6/2018
*Gold Aug 18*
Previous Close: 1259.9 -9
Gold fell to a more than 6 month low yesterday, pressured by prospects of rising US interest rates amid a strengthening economy.
Daily chart show gold more to bearish as technical indicators crossing down while candles formed lower highs & lows, and there is a potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1264.1 1274.4
Support: 1252.8 1238.3
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1255.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!
Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)
Well, NOW is the time for you to understand more about FKLI Trading!
Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.
IDA will discover together with You - What is FKLI............
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