Daily Gold Analysis 22nd April ( Update )
Good Evening Forex Friends
Gold is trading near a support zone of 4 hour time frame chart.Rising channel support is at 1231-35 area.We are expecting a bounce from this area towards 1249 and 1277 in extension.1249 is the psychological resistance and 1275-77 level is the rising channel resistance.Please adjust your stop loss below the support level.We consider break if 4 hour candle stick close below the support. Alternate target may 1211-13 and 1201-03 in extension. Please wait for the confirmation before jumping in the market.I am sharing 4 hour update chart below , Support , possible buying area , target and invalidation points are mention in the chart.
4 Hour Update Chart
I am also sharing previous 4 hour chart for the reference of morning analysis.Please have a look below.
Previous 4 hour chart
Note : Please wait for the closing of 4 hour candle for bounce or 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 : email@example.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