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Daily Gold Analysis 3rd May 2016 ( Update )

Gold Forecast

Daily Gold Analysis 3rd May 2016 ( Update )

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Good Evening Gold Fantasies

As per our expectations gold is in correction mode and give a low around 1282-83 level.We  believe some more downwards movement before a bounce.Current market price is 1286.We may get better price to jump in the possible bullish rally with target 1315-17.Please go through the chart below , I have mention possible next movement diagram.

4 Hour Update Chart

I am sharing previous 4 hour chart analysis for the reference of previous analysis.

Previous 4 Hour Chart

Note : Never risk more then 2% of your account capital in single trade.Always trade with proper risk management plan.

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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.

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( Our Paid Members Got 13 points TP Hit Today In Short Term Correction Mode )

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Email : admin@dailygoldanalysis.com

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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

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Mati

Mati Ur Rehman is a forex trader having 11 years experience in the field and knows as a technical analyst. He is an expert in XAUUSD Gold Analysis.

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