17/10/2019
*Gold Dec 19*
Previous Close: 1494 +10.5
Gold climbed on yesterday as Washington’s stance on Hong Kong could hamper trade negotiations between the United States and China and as investors awaited a key Brexit summit.
Hourly chart hold above 1480 level and back into range, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1508 1526
Support: 1478 1465
*Recommend Trading Plan for the day:*
1. Buy 1497, stop 1495.7, profit 1498.3/1499.6/1500.9
2. Sell 1491, stop 1492.3, profit 1489.7/1488.4/1487.1
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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