3/7/2019
*Gold Aug 19*
Previous Close: 1408 +18.7
Gold formed a strong rebound yesterday to retest 1443 previous high as US Treasury yields fell on worries over global growth and renewed concerns over global trade.
Hourly chart will trigger more bullish signal if close above 1443, with now RSI in overbought, be cautious of potential short term technical correction.
*Classic Support & Resistance*
Resistance: 1443 1480
Support: 1406 1381
*Recommend Trading Plan for the day:*
1. Sell 1427.5, stop 1428.8, profit 1426.2/1424.9/1423.6
2. Look for buy signal above 1443
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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