![](/files/my/blog/img/bl3959_gc210319.png)
21/3/2019
*Gold Apr 19*
Previous Close: 1301.7 -4.8
Gold rose to test 1320 level after US Federal Reserve kept interest rate unchanged and hint no more hike ahead this year.
Hourly chart formed higher highs & lows to test 61.8 Fibo retracement level of swing 1349.8-1280.8 which is around 1323.4, but watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1328.9 1335.6
Support: 1312.3 1298
*Recommend Trading Plan for the day:*
1. Buy 1319.1, stop 1317.4, profit 1320.8/1322.5/1324.2.
2. Sell 1311.8 for technical correction, stop 1313.5, profit 1310.1/1308.4/1306.7.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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