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2/5/2019
Gold Jun 19
Previous Close: 1284.2 -7.1
Gold fell lower as USD rebounded after Fed reduced expectations of a rate cut this year and weighed down by positive economic data.
Daily chart showed gold below middle line of BB, close below 1268 to trigger more downside.
Classic Support & Resistance
Resistance: 1279.4 1290.9
Support: 1267.9 1257.1
Recommend Trading Plan for the day:
1. Sell 1274, stop 1275.5, profit 1272.5/1271/1269.5
2. Look for technical rebound above 1280
Margin Requirement (per lot)
USD 3740
Micro: USD 374
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