23/8/2018
*Gold Dec 18*
Previous Close: 1203.3 +3.3
Gold rose to its highest in over a week on yesterday as the USD eased after the release of minutes from the US Federal Reserve's August policy meeting. However, gold drop back today after USD rebound.
Daily chart showed gold pulled back from outside of BB to test its middle line. Hourly chart on the other hand showed a retracement now as technical indicators crossing down, gold likely to test support 1st.
*Classic Support & Resistance*
Resistance: 1208.4 1217.2
Support: 1189.6 1178.5
*Recommend Trading Plan for the day:*
1. Sell 1196.6, stop 1198.1, profit 1195.1/1193.6.
*Margin Requirement (per lot)*
USD 3410
Micro: USD 341
Disclaimer: Idea sharing only, trade at your own risk.
Join our channels to find out more!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link: https://m.facebook.com/investorsdoctoracademy