5/8/2019
*Gold Dec 19*
Previous Close: 1457.5 +25.1
Gold surged for more than 20 dollars on last Friday as boosted by escalating trade tensions between US & China.
Hourly chart break out from sideway with new highs, more to bullish, but watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1480 1500
Support: 1450 1440
*Recommend Trading Plan for the day:*
1. Buy 1468.4, stop 1467.1, profit 1469.7/1471/1472.3
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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