27/11/2018

*Gold Feb 19*

Previous Close: 1228.7 -0.4

Please be noted that gold active month will change by end of Nov, traders may choose to trade Feb 19 contract. Gold steadied on yesterday as there is no strong movement in 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. Overall trend in sideway to lower as technical indicators crossing downside.

*Classic Support & Resistance*
Resistance: 1236.7 1245
Support: 1224.5 1213.3

*Recommend Trading Plan for the day:*
1. Look for buy signal above 1236.7
2. Look for sell signal below 1224.5

*Margin Requirement (per lot)*
USD 3740
Micro: USD 374

Disclaimer: Idea sharing only, trade at your own risk.

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