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Daily Gold Analysis 8th April 2016 ( Update )

Gold Forecast

Daily Gold Analysis 8th April 2016 ( Update )


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.

1 Hour Chart

I am also sharing previous 1 hour chart for the reference

Previous 1 hour Chart

Note : Never risk more then 2% of your trade account in single trade.Always trade with proper risk management plan.

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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


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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