![](/files/my/blog/img/bl3959_gc280219.png)
28/2/2019
*Gold Apr 19*
Previous Close: 1321.2 -7.3
Gold ended lower as pressured by a firmer USD.
Hourly chart showed gold breaks down from previous support and test below 38.2 Fibo retracement level of swing 1304.7-1349.8, potentially more downside ahead but be cautious as RSI approaching oversold.
*Classic Support & Resistance*
Resistance: 1332.4 1335.6 1340.1
Support: 1314.3 1304.7
*Recommend Trading Plan for the day:*
1. Sell 1318, stop 1319.4, profit 1316.6/1315.2.
2. Buy 1323, stop 1321.6, profit 1324.4/1325.8/1327.2.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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