29/11/2018

*Gold Feb 19*

Previous Close: 1229.8 +9.9

Please be noted that gold active month will change by end of Nov, traders may choose to trade Feb 19 contract. Gold jumped from near 2 week low yesterday after US Fed Chair said interest rates were "just below" neutral, soothing investor worries over the pace of rate hikes.

Hourly chart rebound from near 38.2 Fibo retracement level of 1215.5, now testing 1230 level, close above 1236.7 to trigger more upside.

*Classic Support & Resistance*
Resistance: 1236.7 1245
Support: 1216.8 1202.4

*Recommend Trading Plan for the day:*
1. Look for buy signal above 1236.7

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

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

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