Good Afternoon Forex Friends

In our morning analysis we were expecting a possible correction or break of resistance to  jump in the market.Gold fail to touch the support and move high.Current market price is 1256-57 that is 4 hour symmetric resistance.We will look for the confirmation of break.If 4 hour candle close above the resistance line , we will consider it resistance break.Please keep in mind we consider closing of candle stick above  the resistance for confirmation.Gold next target may 1277-81 and invalidation is below the broken resistance that will become support.I am sharing 4 hour chart to give you better understanding.

I am also sharing previous 4 hour chart for the reference

Note : Please wait for the closing of 4 hour candle for break confirmation

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

Site Announcement And Updates

We are also starting video analysis soon.We are working to make quality videos to give better understanding of our analysis.Our team is working to start education session very soon for beginners to understand the Forex basics.Those who want pro Forex technical analysis course can contact us via email.

Trade Recommendations : Those who want our trade recommendations with proper entry and target points may contact us via email.We have set our minimum fees for the paid clients.

Forex Education : Those who want to learn forex technical analysis can contact us via email.We will start our skype classes session for interested members.

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