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14/5/2019
*Gold Jun 19*
Previous Close: 1301.8 +16.6
Gold rose strongly to above 1300 level yesterday as escalating US-China trade war outweighed higher USD.
Daily chart formed a double bottom bullish pattern, may test 38.2-61.8 Fibo retracement level of swing 1349.8-1267.3.
*Classic Support & Resistance*
Resistance: 1314.7 1324.5
Support: 1278.1 1267.3
*Recommend Trading Plan for the day:*
1. Buy 1300.4, stop 1299.2, profit 1301.6/1302.8
2. Look for buy signal above 1304.2
3. Look for correction sell signal below 1295
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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