![](/files/my/blog/img/bl3959_gc170818.png)
17/8/2018
*Gold Dec 18*
Previous Close: 1184 -1
Gold prices bounced from 19-month lows on yesterday as the USD slipped on news that China and the United States will hold trade talks this month, although sentiment remained negative.
Daily & hourly charts formed lower high & low waves, more to bearish, and now testing rebound from RSI oversold.
*Classic Support & Resistance*
Resistance: 1196.3 1205.8
Support: 1167.1 1147.3
*Recommend Trading Plan for the day:*
1. Sell 1182.8, stop 1184.2, profit 1181.4/1180.
2. Look for buy signal above 1186.2.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
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