![](/files/my/blog/img/bl3959_gc211218.png)
21/12/2018
*Gold Feb 19*
Previous Close: 1267.9 +11.5
Gold jumped 1% yesterday as boosted by weakening USD and a sharp fall in US stock market.
Hourly chart formed a V shape rebound from 1245 level and hit the highest since July, now down for profit taking.
*Classic Support & Resistance*
Resistance: 1270.3 1284.1
Support: 1256.7 1245.3
*Recommend Trading Plan for the day:*
1. If price retrace 1st, look for buy signal around 1255, which is 61.8 Fibo retracement level of swing 1245.3-1270.3.
2. Look for buy signal above 1270.3.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our other channels to find out more about futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://m.facebook.com/investorsdoctoracademy