Home Gold Forecast Daily Gold Analysis 21st April 2016 ( Update )
Daily Gold Analysis 21st April 2016 ( Update )

Daily Gold Analysis 21st April 2016 ( Update )

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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.

4 Hour Update Chart

4 Hour Update Gold

I am also sharing previous 4 hour chart for the reference

Previous 4 Hour Chart

4 Hour Gold Chart

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

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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com

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Mati Ur Rehman Mati Ur Rehman is a forex analyst having 8 years experience in forex market.He is well known in Gold Analyst and having proof track record.There are many followers of his analysis around the globe.

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