Good Evening Gold Lovers
As per our previous analysis.We were looking for break.Gold has break its major rising support in 4 hour chart.Now the break is confirm, We will look for sell entry in better price.We will still look for daily candle closing.I mention the sell area in the chart below.Stoploss should above the resistance that was previous support and the target is next support that 1211-17 area.Please trade according to proper risk management rule.
Don’t risk more then 1% of your total account in single trade.Adjust your stoploss and lot size accordingly.
Your comment below will be appreciated.
Wish you best of luck.
Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com