![](/files/my/blog/img/bl3959_gc270519.png)
27/5/2019
*Gold Jun 19*
Previous Close: 1283.6 -1.8
Gold prices steadied after a strong gain from previous session as upside was limited by recovery in stock market.
Daily chart showed gold in a sideway 1267-1304, wait for breakout.
*Classic Support & Resistance*
Resistance: 1304.2 1324.5
Support: 1267.3 1245.3
*Recommend Trading Plan for the day:*
1. Buy 1287.2, stop 1285.9, profit 1288.5/1289.8/1291.1
2. Sell 1280, stop 1281.3, profit 1278.7/1277.4/1276.1
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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