25/4/2019
*Gold Jun 19*
Previous Close: 1279.4 +6.2
Gold edged higher to test 1280 level yesterday as USD & US stock market retreated their gains from high.
Daily chart showed gold heading for more technical correction, watch out Fibo retracement level 38.2-50 around 1258 & 1237, while hourly chart entered sideway 1268-1282, wait for breakout.
*Classic Support & Resistance*
Resistance: 1282.1 1293.1
Support: 1267.9 1257.1
*Recommend Trading Plan for the day:*
1. Trade in range 1268-1282.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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