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.

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

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

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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