6/8/2018
*Gold Dec 18*
Previous Close: 1223.2 +3.1
Gold bounced on last Friday from the lowest in nearly 17 months after weak US jobs data pushed the USD lower.
Daily chart showed more to downside as candles formed lower highs & lows, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1237.8 1244.7
Support: 1212.5 1200
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1226.
2. Look for sell signal below 1221.4.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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