19/11/2018
*Gold Dec 18*
Previous Close: 1223 +8
Gold rose nearly 1% on last Friday as USD fell after US Federal Reserve officials made cautions comments that fed doubt about the outlook for interest rate hikes.
Hourly chart formed higher highs & lows, continue testing rebound with now around 61.8 Fibo retracement level.
*Classic Support & Resistance*
Resistance: 1228.5 1239.3
Support: 1207.1 1196.6
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1226.
2. Look for sell signal below 1220.4.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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