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
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Mati Ur Rehman
Gold Analyst @ dailygoldanalysis.com