![](/files/my/blog/img/bl3959_gc140619.png)
14/6/2019
*Gold Aug 19*
Previous Close: 1343.7 +6.9
Gold prices climbed to a week’s high yesterday as supported by expectations for an US interest rate cut, following soft inflation data, although an uptick in equities capped gains.
Hourly chart showed gold in a sideway 1323.6-1352.7, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1352.7 1369.4
Support: 1333.6 1323.6
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1352.7 previous high
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
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