15/1/2019
*Gold Feb 19*
Previous Close: 1292.4 +2.9
Gold prices rose to above 1290 yesterday as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world's 2nd largest economy and prompting investors to seek safety in the precious metal.
Hourly chart forming triangle sideway pattern, wait for breakout.
*Classic Support & Resistance*
Resistance: 1300.4 1313
Support: 1286.7 1278.1
*Recommend Trading Plan for the day:*
1. Trade in range 1280-1300.
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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WongZhenKang
interesting, will hold for breakout
2019-01-15 11:24