17/5/2019
*Gold Jun 19*
Previous Close: 1286.2 -10.2
Strengthening stock market & USD sent gold lower.
Daily chart showed gold retreated from 38.2 Fibo retracement level of swing 1349.8-1267.3 after double bottom rebound.
*Classic Support & Resistance*
Resistance: 1293.6 1304.2
Support: 1278.1 1267.3
*Recommend Trading Plan for the day:*
1. Sell 1284.6, stop 1285.8, profit 1283.4/1282.2/1281
2. Buy 1287.5, stop 1286.3, profit 1288.7/1289.9/1291.1
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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