Home Gold Forecast Daily Gold Analysis 16th May 2016 ( Update )
Daily Gold Analysis 16th May 2016 ( Update )

Daily Gold Analysis 16th May 2016 ( Update )


Good Evening Forex Friends

Gold is at the watching level , We will have to look either it will break the resistance or reverse back.next 4 hour closing will clear the picture.If gold close above the resistance, then next target for bullish rally may around 1297-1301.If gold close below the resistance line then gold may give bearish move towards minimum 1263 and maximum 1255-56 level.Please watch the key area and jump in the market after the confirmation.I am sharing 4 hour update chart below to give you better understanding.

I am also sharing previous 4 hour chart for the reference of morning analysis.

Previous 4 Hour Chart

4 Hour  Gold
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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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