![](/files/my/blog/img/bl3959_gc020118.png)
2/1/2019
*Gold Feb 19*
Previous Close: 1281.3 -1.7
Gold held near 6 month highs before holiday, but recorded for its first annual decline since 2015 after pressured by strong USD.
Hourly chart showed gold entering sideway, watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1286.8 1300
Support: 1279.7 1273.2
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1286.8
2. Look for sell signal below 1280
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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