1/10/2019
*Gold Dec 19*
Previous Close: 1472.9 -33.5
Gold plunged more than 30 dollars yesterday as dragged down by the soaring USD.
Daily chart hit near 2 month low, triggered head & shoulder bearish chart pattern, close below 1470 to trigger more downside.
*Classic Support & Resistance*
Resistance: 1520 1543
Support: 1442 1411
*Recommend Trading Plan for the day:*
1. Sell 1470.4, stop 1471.7, profit 1469.1/1467.8/1466.5
2. Buy 1481.2, stop 1479.9, profit 1482.5/1483.8/1485.1
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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