Type to search

Daily Gold Analysis 11th April 2016 ( Update )

Gold Forecast

Daily Gold Analysis 11th April 2016 ( Update )


Good Evening Gold Lovers

Morning analysis we were expecting a correction before heading up and alternate set our buy limits to buy after the break of 1243.Price move according to alternate expectations.Gold break 1243 in early asia session and hit our first target that was 1249-51.Current market price is 1250 and we are still expecting more bullish movement .Our second target remains the same.Price may forming a rising channel pattern for next possible target.Now minor support is around 1241-43 and price may resist around 1259-61 and 1269-71 in extension. i am  sharing update hourly chart to give logical view about our next move of gold.

1 Hour Update Chart

I am also sharing previous hourly chart , Please have a look below

Previous Hourly Chart

Note : Never risk more then 2% of your trade account in single trade.Always trade with proper risk management plan.

Site Announcement And Updates

We are also starting video analysis from next week.We are working to make quality videos to give better understanding of our analysis.Our team is working to start education session very soon for beginners to understand the Forex basics.Those who want pro Forex technical analysis course can contact us via email.

Trade Recommendations : Those who want our trade recommendations with proper entry and target points may contact us via email.We have set our minimum fees for the paid clients.

( Our paid clients already get nice profit from our previous week recommendations )

Forex Education : Those who want to learn forex technical analysis can contact us via email.We will start our skype classes session for interested members.

Email : admin@dailygoldanalysis.com

Skype : mati_ji

Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome and help us to improve.

Wish you good luck and happy trading

Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com


Mati Ur Rehman is a forex trader having 11 years experience in the field and knows as a technical analyst. He is an expert in XAUUSD Gold Analysis.

  • 1

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *