4/7/2018
*Gold Aug 18*
Previous Close: 1253.5 +11.8
Gold recovered from previous losses as USD eased.
Daily chart show a technical rebound from RSI oversold, may test middle line of BB around 1276, but hourly chart now in RSI overbought, may see some profit taking ahead of US holiday.
*Classic Support & Resistance*
Resistance: 1274.4 1286.8
Support: 1246.9 1238.8
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1261.7.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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