Home Gold Forecast Daily Gold Analysis 12th April ( Update )
Daily Gold Analysis 12th April ( Update )

Daily Gold Analysis 12th April ( Update )

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Good Evening Forex Friends

Today we were expecting a correction towards 1244-47 minimum.it was not happen and gold move up and give high at 1263 level.Price is still moving in a rising channel in 1 hour time frame chart.Next resistance is at 1269-71 level.Minor support is at 1253-53 and next possible support is at 1243-47.I have mention 2 support lines in the chart below.I suggest you to wait for the better price to jump in the market.If gold move lower and break below the rising channel in 1 hour time frame chart then we may see gold at 1231-32 area.Please be patience in the market and wait for the best level to buy.Please look at the chart below for better understanding.

Hourly Update Chart

1 Hour Update Chart

I am also sharing previous 1 hour chart for the reference.

Previous Hourly Chart

1 Hour Gold

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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com

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Mati Ur Rehman Mati Ur Rehman is a forex analyst having 8 years experience in forex market.He is well known in Gold Analyst and having proof track record.There are many followers of his analysis around the globe.

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