![](/files/my/blog/img/bl3959_gc130818.png)
13/8/2018
Gold Dec 18
Previous Close: 1219 -0.9
Gold steadied on last Friday after US announce to double metal tariffs on Turkey.
Daily chart showed gold more to bearish as technical indicators trending down, but watch out for potential technical rebound in short term on a RSI bullish divergence. Hourly chart on the other hand showed gold in a sideway, wait for breakout.
Classic Support & Resistance
Resistance: 1228.5 1237.8
Support: 1212.5 1200
Recommend Trading Plan for the day:
1. Sell 1215.2, stop 1216.3, profit 1214.1/1213.
Margin Requirement (per lot)
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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