31/10/2019
*Gold Dec 19*
Previous Close: 1496.7 +6
Gold once fell to around 1483 after Federal Reserve lowered interest rates for the third time this year and indicated a pause is ahead, but strongly rebound to test 1500 level today.
4H chart in sideway, with technical indicators in neutral and BB in flat, wait for more breakout.
*Classic Support & Resistance*
Resistance: 1511 1521
Support: 1485 1478
*Recommend Trading Plan for the day:*
1. Buy 1502, stop 1500.7, profit 1503.3/1504.6/1505.9
2. Sell 1496, stop 1497.3, profit 1494.7/1493.4/1492.1
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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