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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Mati Ur Rehman
Gold Analyst @ dailygoldanalysis.com