3/5/2019
*Gold Jun 19*
Previous Close: 1272 -12.2
Gold fell to 4 month low after US Fed reduced hope for a rate cut in short term.
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. Buy 1274 for technical rebound, stop 1272.5, profit 1275.5/1277/1278.5
2. Sell 1271, stop 1272.5, profit 1269.5/1268/1266.5
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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