26/11/2018
*Gold Feb 19*
Previous Close: 1229.1 -4.7
Please be noted that gold active month will change by end of Nov, traders may choose to trade Feb 19 contract. Gold fell on last Friday to below 1230 as weighed down by stronger USD.
Hourly chart showed a correction from high of 1236.7, watch out for Fibo retracement level 38.2-61.8 which is around 1215-1224.
*Classic Support & Resistance*
Resistance: 1236.7 1245
Support: 1224.5 1213.3
*Recommend Trading Plan for the day:*
1. Buy 1231.7, stop 1229.9, profit 1233.5/1235.3.
2. Look for sell signal below 1226.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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