3/6/2019
*Gold Aug 19*
Previous Close: 1305.8 +18.7
Gold climbed to near 2 month high on last Friday as USD retreated from high after escalating trade war tension between US & Mexico.
Daily chart formed a double bottom rebound signal, may test 61.8 Fibo retracement level which is around 1320.
*Classic Support & Resistance*
Resistance: 1324.5 1335.6 1349.8
Support: 1300.2 1290.2
*Recommend Trading Plan for the day:*
1. Buy 1318, stop 1316.7, profit 1319.3/1320.6/1321.9
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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