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Daily Gold Analysis 1st April ( Analysis Update )

Gold Forecast

Daily Gold Analysis 1st April ( Analysis Update )

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Good Evening Gold Lovers

Symmetric triangle in 1 hour time frame chart break downward and price move to its second support level 1211-12 area.If gold bounce from  this level then next resistance is 1231-33 now.If gold fail to bounce from this support level then most probably we will buy gold from the main support level 1191-95 with invalidation below 1187-85.Break of main support will invalidate our bullish thoughts in gold.I have mention support and possible next resistance area in the chart below.Please have a look

Gold 1 Hour chart

Previous 1 hour chart

I am also sharing previous 1 hour chart below

Previous 1 hour Gold 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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