4/3/2019
*Gold Apr 19*
Previous Close: 1299.2 -16.9
Gold fell more than 1% to below 1300, which is more than 1 month low on strong USD and rebound of stock market.
Hourly chart showed gold formed lower highs & lows, more to bearish, but be cautious as RSI in oversold.
*Classic Support & Resistance*
Resistance: 1313.4 1335.6
Support: 1275.3 1257.1
*Recommend Trading Plan for the day:*
1. Buy 1298 for technical rebound, stop 1296.5, profit 1299.5/1301/1302.5.
2. Sell 1291, stop 1292.5, profit 1289.5/1288/1286.5.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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