12/11/2019
Gold Dec 19
Previous Close: 1457.1 -5.8
Gold fell to below 1460 level yesterday, its lowest price in more than 3 months, as US stock market close to record levels, while investors awaited news on the US-China trade.
Daily chart formed lower high & low, likely to trigger more correction.
Classic Support & Resistance
Resistance: 1474 1496
Support: 1442 1411
Recommend Trading Plan for the day:
1. Buy 1458.7, stop 1457.4, profit 1460/1461.3/1462.6
2. Sell 1455, stop 1456.3, profit 1453.7/1452.4/1451.1
Margin Requirement (per lot)
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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