Home Gold Forecast Daily Gold Analysis 7th April 2016 ( Update )
Daily Gold Analysis 7th April 2016 ( Update )

Daily Gold Analysis 7th April 2016 ( Update )


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

1 Hour Update Chart

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

Previous 1 hour chart

1 Hour Gold Chart

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Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com


Mati Ur Rehman Mati Ur Rehman is a forex analyst having 8 years experience in forex market.He is well known in Gold Analyst and having proof track record.There are many followers of his analysis around the globe.


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