![](/files/my/blog/img/bl3959_gc200619.png)
20/6/2019
*Gold Aug 19*
Previous Close: 1348.8 -1.9
Gold prices slipped slightly yesterday but rose to more than 5 year high this morning as US Fed signaled a readiness to cut rates.
Weekly chart formed a rounding bottom to test above 1400 level, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1397.7 1434
Support: 1361.3 1342.7
*Recommend Trading Plan for the day:*
1. Buy 1390.5, stop 1389.2, profit 1391.8/1393.1/1394.4
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
Holyman
really past 1400.
2019-06-20 12:23