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Daily Gold Analysis 6th April 2016 ( Update )

Gold Forecast

Daily Gold Analysis 6th April 2016 ( Update )


Good Evening Forex Friends

Symmetric triangle in 4 hour time frame give reversal from the resistance we have discuss in previous analysis.I am updating the chart analysis for better understanding.Today is fomc speaks. Market may volatile during FOMC minutes.Technically gold has minor support at 1219-21 and declining resistance is become 1229-31 level.if gold break  the support , we may see gold at 1201 or 1191-93 area.If gold fail to break the minor support from 1219-21, We will look for buy entry after breaking the resistance above 1229-31.I have mention possible next movement indication in  the chart below.Please have a look

4 Hout Update Chart

For reference i am sharing previous 4 Hour Chart

Previous 4 Hour Chart

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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com


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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