29/6/2018
*Gold Aug 18*
Previous Close: 1251 -5.1
Gold fell to its lowest in more than 6 months as USD strengthening and raising treasury yield.
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: 1255.8 1264.1
Support: 1238.3 1227.5
*Recommend Trading Plan for the day:*
1. Buy 1250.8 for technical rebound, stop 1249.1, profit 1252.5/1254.2.
2. look for sell signal if break below 1246.9.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
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