16/7/2018
*Gold Aug 18*
Previous Close: 1241.2 -5.4
Gold slid to 7 month low on last Friday as USD climbed higher.
Daily chart showed gold below middle line of BB while technical indicators crossing down, more to bearish, while hourly chart showed a potential RSI bullish divergence, may trigger technical rebound in short term.
*Classic Support & Resistance*
Resistance: 1248.8 1257.3
Support: 1236.2 1227.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1244.7.
2. Look for sell signal below 1240.2.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
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