10/9/2019
*Gold Dec 19*
Previous Close: 1511.1 -3.9
Gold marked 3 days of losses in a row and fell to below 1500 level today on rebound in stock market.
4H chart formed a breakout from double top bearish chart pattern, below 1490 will trigger more correction.
*Classic Support & Resistance*
Resistance: 1515 1524
Support: 1490 1468
*Recommend Trading Plan for the day:*
1. Buy 1499.4 for rebound, stop 1498.1, profit 1500.7/1502/1503.3
2. Sell 1494.2, stop 1495.5, profit 1492.9/1491.6/1490.3
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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