![](/files/my/blog/img/bl3959_gc301118.png)
30/11/2018
*Gold Feb 19*
Previous Close: 1230.4
Gold was little changed yesterday but retreat from high of near 1235 after FOMC meeting minutes affirmed rate hike for Dec 18.
Hourly chart showed a retracement from swing 1216.8-1234.7, close below 38.2% which is around 1223.6 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1236.7 1245
Support: 1216.8 1213.3 1202.4
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1234.9.
2. Look for sell signal below 1225
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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