8/10/2019
*Gold Dec 19*
Previous Close: 1504.4 -8.5
Gold inched lower to test below 1500 level as market stay cautious ahead of FOMC meeting minutes and US-China trade talk.
Hourly chart break down from short term sideway , likely to test next support level.
*Classic Support & Resistance*
Resistance: 1510 1526
Support: 1480 1465
*Recommend Trading Plan for the day:*
1. Buy 1500, stop 1498.7, profit 1501.3/1502.6/1503.9
2. Sell 1493.7, stop 1495, profit 1492.4/1491.1/1489.8
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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