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Daily Gold Analysis 15th April 2016 ( Update )

Gold Forecast

Daily Gold Analysis 15th April 2016 ( Update )

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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 )

1 Hour Update Chart

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

Previous Hourly Chart

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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com

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Mati

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.

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