18/6/2019
Gold Aug 19
Previous Close: 1342.9 -1.6
Gold prices slipped slightly yesterday from more than 14 month high in previous session, following upbeat U.S. economic data that dampened expectations the Federal Reserve would ease interest rates. Watch out for Fed interest rate decision on 2am, 20/6.
Hourly chart showed gold move between 38.2-61.8 Fibo retracement level of swing 1323.6-1362.2, entered a sideway, wait for more breakout.
Classic Support & Resistance
Resistance: 1347.1 1362.2
Support: 1336.6 1326.6
Recommend Trading Plan for the day:
1. Buy 1347.2, stop 1345.9, profit 1348.5/1349.8/1351.1
2. Look for sell signal below 1340
Margin Requirement (per lot)
USD 3740
Micro: USD 374
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