Good Evening Gold Lovers
Gold bounce from level and current market price is 1226.Its a minor resistance in 1 hour time frame chart.If gold break the resistance in 1 hour time frame chart , We may see gold next target at 1237 and 1249 in extension.I suggest you to wait for the break and enter the market after closing 1 hour time frame chart.If gold close above 1226 level , Set your stoploss below minor today support 1214-15 and set target at 1237, Second target at 1249.
1 Hour Chart Update
Previous 1 Hour Chart
1 Hour Previous Chart
Note : This is short term buy trade for gold.Movement and closing below 1214-15 in 1 hour chart will invalidate this trade
Never risk more then 2% of your trade account in single trade.Adjust your stoploss and lot sizez according to money management plan.
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 : firstname.lastname@example.org
Skype : mati_ji
We always welcome the feedback and comments regarding charts and analysis.
Wish you best of luck for trading
Mati Ur Rehman
Gold Analyst @ dailygoldanalysis.com