2/8/2019
*Gold Dec 19*
Previous Close: 1432.4 -0.6
Gold surged after Trump said US will impose new tariffs on Chinese imports.
Hourly chart showed a sideway to bullish trend, wait for more breakout, with now testing correction from overbought zone.
*Classic Support & Resistance*
Resistance: 1462 1475
Support: 1425 1412
*Recommend Trading Plan for the day:*
1. Sell 1443, stop 1444.3, profit 1441.7/1440.4/1439.1
2. Buy 1446, stop 1444.7, profit 1447.3/1448.6/1449.9
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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