![](/files/my/blog/img/bl3959_gc250119.png)
25/1/2019
*Gold Feb 19*
Previous Close: 1279.8 -4.2
Gold fell to below 1280 yesterday as weighed down by a stronger USD and steady US stock market.
Hourly chart showed gold's bullish trend weakening, may enter corrective wave in short term, technical indicators more to neutral, close below 1276 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1286 1300.4
Support: 1275.3 1267.4
*Recommend Trading Plan for the day:*
1. Trade i range 1275-1286.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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