24/1/2019
*Gold Feb 19*
Previous Close: 1284 +0.6
Gold was little changed yesterday as recovery in stock market offset by geopolitical and economic uncertainty.
Hourly chart showed gold's bullish trend weakening, may enter corrective wave in short term, close below 1276 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1292 1300.4
Support: 1276 1267.4
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1286.
2. Look for sell signal below 1276.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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