![](/files/my/blog/img/bl3959_gc131118.png)
13/11/2018
*Gold Dec 18*
Previous Close: 1203.5 -5.1
Gold continue to fall to more than 1 month low as weighed down by the Federal Reserve's hawkish interest rate policy and strengthening USD.
Hourly chart showed a sideway to lower trend, may retest 1200 level, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 1212 1222.5
Support: 1194.7 1184.3
*Recommend Trading Plan for the day:*
1. Buy 1205.4 for technical rebound, stop 1204.2, profit 1206.6/1207.8.
2. Look for sell signal below 1200.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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