29/1/2019
*Gold Apr 19*
Previous Close: 1309.3 +0.8
Gold was little changed yesterday as there is not much movement in USD but sustain at high on the back of weak stock market.
Daily chart showed gold sustain above long white candle bullish signal, which is also above 61.8 Fibo retracement level of swing 1375.1-1173.2, look for buy setup but trade with cautious as upside may limited by potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1332.4 1375.1
Support: 1281.5 1242.5
*Recommend Trading Plan for the day:*
1. Buy 1310, stop 1308.5, profit 1311.5/1313/1314.5.
2. Look for sell signal below 1301.8.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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