![](/files/my/blog/img/bl3959_gc290818.png)
29/8/2018
*Gold Dec 18*
Previous Close: 1214.4 -1.6
Gold turned negative on yesterday as US Treasuries rose after the US and Mexico reach a trade deal.
Hourly chart showed a technical correction from RSI bearish divergence, may test 50% & 38.2% Fibo retracement level.
*Classic Support & Resistance*
Resistance: 1220.7 1228.5
Support: 1199.5 1189.5
*Recommend Trading Plan for the day:*
1. Buy 1210.3 for technical rebound, stop 1209.1, profit 1211.5/1212.7.
2. Look for sell signal below 1205.8.
*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