29/10/2018
*Gold Dec 18*
Previous Close: 1235.8 +3.4
Gold once hit more than 3 month high on last Friday as hedging weakness in global stock market but retreat back to below 1240 after US stock market rebound.
Hourly chart formed higher highs & lows, may continue to test rebound but watch out for potential RSI bearish divergence may cap upside of gold in short term.
*Classic Support & Resistance*
Resistance: 1245.9 1256.1
Support: 1228.3 1219.3
*Recommend Trading Plan for the day:*
1. Look for sell signal below 1233.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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