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12/7/2019
*Gold Aug 19*
Previous Close: 1406.7 -5.8
Gold prices fell yesterday, erasing gains made early in the day after stronger-than-expected CPI data pushed USD higher.
Hourly chart showed gold move in a wide range 1381-1443, wait for breakout.
*Classic Support & Resistance*
Resistance: 1430 1443
Support: 1387 1381
*Recommend Trading Plan for the day:*
1. Buy 1411.9, stop 1410.6, profit 1413.2/1414.5/1415.8
2. Sell 1404.1, stop 1405.4, profit 1402.8/1401.5/1400.2
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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