7/8/2019
*Gold Dec 19*
Previous Close: 1484.2 +7.7
Gold touched above 1500 for the 1st time since Apr 2013 as an intensifying U.S.-China trade war threatened global economic growth.
Hourly chart formed higher highs & lows, more to bullish, but watch out as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1520 1550
Support: 1465 1443
*Recommend Trading Plan for the day:*
1. Buy 1502.4, stop 1501.1, profit 1503.7/1505/1506.3
2. Sell 1495 for correction, stop 1496.3, profit 1493.7/1492.4/1491.1
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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