Home Gold Forecast Daily Gold Analysis 15th April 2016 ( Update )
Daily Gold Analysis 15th April 2016 ( Update )

Daily Gold Analysis 15th April 2016 ( Update )


Good Evening Forex Friends

Price is moving in a small range between 1225-30 today.It gives confusion between buyers and sellers. Support is at 1224 and resistance area is 1231-32. We will look for the break to jump in the market.1230-31 is the resistance area of hourly chart, if price break the resistance then it could move towards 1243, if price reverse from the resistance and break support at 1224, then we will see gold at the next support level that is around 1211-13 area.I am sharing hourly update chart below with support and resistance area mention in it.Please have a look.

( I suggest you to stay neutral and look for  the break )

Below is the previous 1 hour chart for the reference of previous analysis.

Previous Hourly Chart

1 Hour Gold Chart
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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com


Mati Ur Rehman Mati Ur Rehman is a forex analyst having 10+ years experience in the forex market.Started Forex trading in 2007. He is well known in Gold Analyst and having the proof track record.There are many followers of his analysis around the globe.


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