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Daily Gold Analysis 7th April 2016 ( Update )

Gold Forecast

Daily Gold Analysis 7th April 2016 ( Update )

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Good Evening Gold Riders

Gold finally break its resistance, we were waiting for few days.Break is confirm and the first target we set was 1249-51 area and second target may 1269-71.Now the broken resistance will act as a support.I suggest you to set your stoploss below the support.Market may also test the support before hitting the target or it can be achieve without correction.I am sharing 1 hour time frame chart for better  understanding.Support , invalidation and target area is mention below.

1 Hour Update Chart

I am also sharing previous 1 hour chart for the reference of previous analysis

Previous 1 hour chart

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Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome

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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