Good Evening Forex Friends

We were expecting a correction before a new bounce.Price move lower to the first Fibonacci support and bounce with high at 1240-41.Price move exactly according to our expectationsbut could reach our target today.I suggest you to close all position.We will come back with a fresh trade idea.Hope we will get better price to jump again.I am sharing update 1 hour chart below.Please have a look.

I am also sharing previous 1 hour chart for the reference

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Wish you good luck and happy trading

Mati Ur Rehman

Gold Analyst @ dailygoldanalysis.com