18/4/2019
*Gold Jun 19*
Previous Close: 1276.8 -0.4
Gold was steady yesterday but upside was limited by stronger USD.
Daily chart showed gold triggered head & shoulder bearish pattern below 1275, potentially more downside ahead, watch out for 38.2-50 Fibo retracement level around 1258/1237.
*Classic Support & Resistance*
Resistance: 1282.1 1293.1
Support: 1267.4 1257.1
*Recommend Trading Plan for the day:*
1. Sell 1273.6, stop 1275.2, profit 1272/1270.4/1268.8
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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