![](/files/my/blog/img/bl3959_gc161019.png)
16/10/2019
*Gold Dec 19*
Previous Close: 1483.5 -14.1
Gold fell 1% yesterday, followed by a strong rebound in US stock market.
Hourly chart break down from short term sideway, close below 1478 for more downside.
*Classic Support & Resistance*
Resistance: 1492 1508
Support: 1478 1465
*Recommend Trading Plan for the day:*
1. Buy 1489, stop 1487.7, profit 1490.3/1491.6/1492.9
2. Sell 1484, stop 1485.3, profit 1482.7/1481.4/1480.1
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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