Home Gold Forecast Daily Gold Analysis 2nd May ( Update )
Daily Gold Analysis 2nd May ( Update )

Daily Gold Analysis 2nd May ( Update )


Good Evening Forex Friends
Shooting start candle stick pattern indicating the correction may start from here.we are expecting this correction may end around 1281-83 level that is first support and previous broken resistance.We will look for better price to enter in bullish rally.Gold next target we set at 1315-17 level.Alternately if gold bounce back and close above the high of shooting star candle stick , it will invalidate this reversal pattern and may take gold directly at 1315-17 level.We will have to look for the closing of 4 hour candle stick for break confirmation.I have mention possible next move diagram in 4 hour chart below.Please have a look.

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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com


Mati Ur Rehman Mati Ur Rehman is a forex analyst having 10+ years experience in the forex market.Started Forex trading in 2007. He is well known in Gold Analyst and having the proof track record.There are many followers of his analysis around the globe.


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