![](/files/my/blog/img/bl3959_gc171018.png)
17/10/2018
*Gold Dec 18*
Previous Close: 1231 +0.7
Gold was almost unchanged last night but fell on this morning as USD rebound after stock market recover.
Hourly chart showed gold entered retracement after a bearish RSI divergence and triggered a double top signal.
*Classic Support & Resistance*
Resistance: 1237.8 1244.6
Support: 1219.3 1205.3
*Recommend Trading Plan for the day:*
1. Sell 1225.2, stop 1226.6, profit 1223.8/1222.4.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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