![](/files/my/blog/img/bl3959_gc090718.png)
9/7/2018
*Gold Aug 18*
Previous Close: 1255.8 -3
Gold fell on last Friday as USD rebound and stock market recovered from trade war concerns.
Daily chart show a technical rebound from RSI oversold, may test middle line of BB around 1276. Hourly chart entering sideway, wait for breakout.
*Classic Support & Resistance*
Resistance: 1264.1 1269.7
Support: 1252.2 1245.2
*Recommend Trading Plan for the day:*
1. Wait for breakout signal 1252 or 1263.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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