31/7/2018
*Gold Dec 18*
Previous Close: 1231.5 -1.2
Gold steadied on yesterday ahead of a meeting of the US Federal Reserve this week that could yield clues to the future direction of US interest rates and 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: 1236.5 1244.7
Support: 1221 1210
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1229.1.
2. Look for buy signal above 1232.2.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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