30/1/2019
*Gold Apr 19*
Previous Close: 1315.2 +5.9
Gold jumped to its highest in more than 8 months yesterday as boosted by doubts surrounding US-China trade talk and ahead of a Federal Reserve meeting with increasing expectations for a pause to the central bank's rate hike. Watch out for any result form the trade talk and FOMC statement on 3am tomorrow.
Daily chart formed another higher high & low, trigger more upside, focus on buy setup but trade with cautious as there is a 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 1319.3, stop 1317.5, profit 1321.1/1322.9/1324.7.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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