14/1/2019
*Gold Feb 19*
Previous Close: 1289.5 -2.1
Gold edged higher on last Friday and was on track for its 4th successive weekly gain, as US stock market slipped and expectations rose that the Federal Reserve might halt its monetary policy tightening cycle.
Hourly chart showed gold entered sideway in a rebound stage with technical indicators in neutral, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1300.4 1313
Support: 1286.7 1278.1
*Recommend Trading Plan for the day:*
1. Buy 1293.1, stop 1291.4, profit 1294.8/1296.5.
2. Look for sell signal below 1286.7.
*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 futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://m.facebook.com/investorsdoctoracademy
Or reach out to our contact number +601153537589