30/9/2019
*Gold Dec 19*
Previous Close: 1506.4 -8.8
Gold prices fell on last Friday and was on track for its third weekly fall for the month, restrained as US economic data beat expectations and USD held near multi-week highs against major currencies.
Hourly chart showed gold in wide range 1490-1570 but technical indicators declining, likely to test support level,, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1520 1543
Support: 1490 1468
*Recommend Trading Plan for the day:*
1. Sell 1497.4, stop 1498.7, profit 1496.1/1494.8/1493.5
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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