15/11/2018
*Gold Dec 18*
Previous Close: 1210.1 +8.7
Gold settled 1% higher on yesterday as USD retreat from high and some technical buying.
Hourly chart showed a technical rebound from RSI oversold with technical indicators crossing up, may test resistance 1st. The retracement now will see support in between 38.2-61.8 Fibo level around 1204-1209.
*Classic Support & Resistance*
Resistance: 1217.2 1228.5
Support: 1196.6 1184.3
*Recommend Trading Plan for the day:*
1. Sell 1209.6 for retracement, stop 1211.6, profit 1207.6/1205.6.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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