Good Evening Gold Lovers
Morning analysis we were expecting some correction before a possible bounce.Price move lower give a low at 1230-31 level.I am expecting little more down movement to get a better price to buy gold.This correction may end at 1221-22 or extend to the 1 hour support at 1213-15 level.That may be the best buying area for gold.If price couldnt complete the correction and bounce, then we will look for possible buying after the break of 1 hour resistance at 1241-43 level.I spot the resistance and buying one in a chart below.Please have a look.
1 Hour Chart
Below is the previous 1 hour chart Analysis that was posted in the morning.
Previous 1 Hour Chart
Note : I suggest you to buy from the lower price to get better points or watch the resistance break in 1 hour chart to get entry confirmation.
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Mati Ur Rehman
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