18/3/2019
*Gold Apr 19*
Previous Close: 1302.9 +7.8
Gold rebounded to above 1300 on last Friday as boosted by falling US Dollar index.
Hourly chart showed gold retreat from high of around 1306 and test below 1300 now, close below 1290.6 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1311.6 1316.5
Support: 1290.6 1280.8
*Recommend Trading Plan for the day:*
1. Sell 1298, stop 1299.2, profit 1296.8/1295.6/1294.4.
2. Buy 1300, stop 1298.8, profit 1301.2/1302.4/1303.6.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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