14/8/2019
*Gold Dec 19*
Previous Close: 1502.2 -15
Gold down to test 1500 level yesterday after US stated they will delay tariffs on some Chinese products, pushed stock market higher.
Hourly chart formed a retracement from RSI bearish divergence, below 1490 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1546 1560
Support: 1490 1465
*Recommend Trading Plan for the day:*
1. Buy 1518, stop 1516.7, profit 1519.3/1520.6/1521.9
2. Sell 1504.4, stop 1505.7, profit 1503.1/1501.8/1500.5
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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