8/11/2019
*Gold Dec 19*
Previous Close: 1466.4 -26.7
Gold prices slid to 3 month low as US Treasury yields jumped and global equities markets cheered China and US agreement to cancel some tariffs in phases.
Daily chart formed lower high & low, likely to trigger more correction ahead.
*Classic Support & Resistance*
Resistance: 1489 1496
Support: 1461 1442
*Recommend Trading Plan for the day:*
1. Buy 1470.5, stop 1469.2, profit 1471.8/1473.1/1474.4
2. Sell 1466.4, stop 1467.7, profit 1465.1/1463.8/1462.5
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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