![](/files/my/blog/img/bl3959_gc141118.png)
14/11/2018
*Gold Dec 18*
Previous Close: 1201.4 -2.1
Gold was steadied above 1200 level yesterday on firm USD, but edged up this morning to test resistance as index market showed weakness.
Hourly chart showed a potential inverse H&S bullish signal, watch out for buy signal above 1205.5, with forecast price target at around 1214.4.
*Classic Support & Resistance*
Resistance: 1212 1222.5
Support: 1196.6 1184.3
*Recommend Trading Plan for the day:*
1. Buy 1205.6 for technical rebound, stop 1202 profit 1209.2/1212.8.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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