![](/files/my/blog/img/bl3959_gc140818.png)
14/8/2018
*Gold Dec 18*
Previous Close: 1198.9 -20.1
Gold sank below 1200 for the 1st time since 2017 as USD shoot up to near 13 month high after a crashing Turkish Lira.
Daily chart showed gold more to bearish as technical indicators trending down, but watch out for potential technical rebound in short term as RSI in oversold now.
*Classic Support & Resistance*
Resistance: 1212.5 1228.5
Support: 1184 1174.7
*Recommend Trading Plan for the day:*
1. Buy 1203.2, stop 1202, profit 1204.4/1205.6.
2. Look for sell signal below 1198.6.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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