Home Gold Forecast Daily Gold Analysis 4th May 2016 ( Update )
Daily Gold Analysis 4th May 2016 ( Update )

Daily Gold Analysis 4th May 2016 ( Update )


Good Evening Forex Friends

Market move lower according to our morning expectations.Current market price is 1275-76, Expecting little bit more downward movement before a bounce.Today we have some major news ADP- Non Form Employment change which may give confirmation towards our next move expectations.Move above 1285 will give more confidence towards our target. Break and closing 4 hour candle below the support is creating confusion between bulls and bears.As per our expectation this break is for the bulls to get better price.Alternately This broken support may act as a resistance, if price fails to close above 1285 in 4 hour chart.Gold main support of rising channel become at 1251-55 area.Movement and closing below this level will invalidate out bullish thoughts in hourly time frame.I am sharing 4 hour chart below , Please have a look.

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

4 Hour Previous Chart

4 Hour Gold Chart
  • Facebook
  • Twitter
  • Google+
  • reddit
  • LinkedIn
  • Tumblr

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

Site Announcement And Updates

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.

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.

( We set pending orders  for today move expectations )

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 : admin@dailygoldanalysis.com

Skype : mati_ji

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


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.


Your email address will not be published. Required fields are marked *

Share This

Share This

Share this post with your friends!