![](/files/my/blog/img/bl3959_gc311018.png)
31/10/2018
*Gold Dec 18*
Previous Close: 1225.3 -2.3
Gold price dipped on yesterday as concerns about a further escalation in the U.S.-China trade war boosted the USD.
Hourly chart showed gold retreat to below 1230 after a RSI bearish divergence, likely to test previous support.
*Classic Support & Resistance*
Resistance: 1228.8 1234 1238.3
Support: 1219.3 1208.6
*Recommend Trading Plan for the day:*
1. Sell 1221, stop 1222.7, profit 1219.3/1217.6.
*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