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Daily Gold Analysis 19th April 2016 ( Update )

Gold Forecast

Daily Gold Analysis 19th April 2016 ( Update )


Good Evening Forex Friends 

In our morning analysis we  discuss head and shoulder with alternate pattern.Gold bounce from the rising support and break the resistance of 1243 , Alternate works this time and gold hit our first target , second target is at 1263. 1253 level is also the resistance of symmetric triangle we have discuss that in our daily time frame analysis.We will wait for today closing to get better idea for gold next move.I am sharing 4 hour time update chart below.Please have a look.

4 Hour Update Chart

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

Previous 4 Hour Chart

Note : Those who follow morning analysis should close half position at 1253-54 and move stop loss to entry point to enjoy risk free trade.

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

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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.

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