26/12/2019
*Gold Feb 20*
Previous Close: 1504.8 +16.1
Gold prices hit more than 1 month high on Tuesday as boosted by weak US economic data.
Hourly chart testing rebound, above 1510 to trigger more upside, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 1515 1525
Support: 1500 1490
*Recommend Trading Plan for the day:*
1. Buy 1508.6, stop 1507.3, profit 1509.9/1511.2/1512.5
2. Sell 1507.2, stop 1508.5, profit 1505.9/1504.6/1503.3
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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