14/2/2019

*Gold Apr 19*

Previous Close: 1315.1 +1.1

Gold ended slightly higher on retreat of USD.

Hourly chart showed gold move in a sideway, close below 1306.4 which is around 61.8 Fibo retracement level of swing 1275.3-1328.2 to trigger more downside.

*Classic Support & Resistance*
Resistance: 1321.7 1328.2
Support: 1306.4 1295.7

*Recommend Trading Plan for the day:*
1. Buy 1312.2 for technical rebound, stop 1210.6, profit 1313.8/1315.4/1317
2. Look for sell signal below 1306.4

*Margin Requirement (per lot)*
USD 3740
Micro: USD 374

Disclaimer: Idea sharing only, trade at your own risk.

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