24/7/2019
*Gold Aug 19*
Previous Close: 1421.7 -5.2
Gold slipped on Tuesday, pressured by a robust dollar but supported by weak U.S. economic data, with investors awaiting clearer signals on the Federal Reserve’s trajectory for interest rates.
Hourly chart in a more to bullish trend and entered range, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1432 1454
Support: 1401 1384
*Recommend Trading Plan for the day:*
1. Buy 1423, stop 1421.7, profit 1424.3/1425.6/1426.9
2. Look for sell signal below 1414.6
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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