30/7/2018
*Gold Dec 18*
Previous Close: 1232.7 -2.6
Gold slipped slightly last Friday after a strong economic data supported USD.
Daily chart's technical indicators pointed more to downside but testing for a technical rebound from potential RSI bullish divergence. Hourly chart showed gold in a sideway, wait for breakout.
*Classic Support & Resistance*
Resistance: 1244.7 1259.5
Support: 1221 1210
*Recommend Trading Plan for the day:*
1. If price rebound 1st, sell 1229.9, stop 1231.1, profit 1228.7/1227.5.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy