23/1/2019
*Gold Feb 19*
Previous Close: 1283.4 +3.8
Gold rebounded to above 1280 level yesterday as concerns over slowing global growth weighed down on stock market.
Hourly chart showed gold break down from triangle sideway pattern and rebound from 61.8 Fibo retracement level of swing 1236.5-1300.4, now testing middle line of BB, wait for confirmation.
*Classic Support & Resistance*
Resistance: 1295.4 1300.4
Support: 1276 1267.4
*Recommend Trading Plan for the day:*
1. look for buy signal above 1285.1.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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