19/8/2019
*Gold Dec 19*
Previous Close: 1523.6 -7.6
Gold fell on Friday as stocks and the dollar firmed, but fears of a slowing global economy and lack of clarity on the U.S.-China trade war kept bullion on track for a third straight weekly gain.
Hourly chart in a sideway to higher trend, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1546 1560
Support: 1504 1490
*Recommend Trading Plan for the day:*
1. Sell 1514, stop 1515.3, profit 1512.7/1511.4/1510.1
2. Look for buy signal above 1528
*Margin Requirement (per lot)*
USD 4400
Micro: USD 440
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