31/1/2019
*Gold Apr 19*
Previous Close: 1315.2 +5.9
Gold rose yesterday to more than 7 months high after the Federal Reserve kept benchmark interest rates unchanged and hinted at a slower pace of monetary policy tightening.
Daily chart formed more to bullish trend, focus on buy setup but trade with cautious as there is a potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1332.4 1343.4
Support: 1313.5 1301.8
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1328.6.
2. Look for technical correction sell signal below 1320.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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