Daily Gold Analysis ( Analysis Update )

4 Hour & 1 Hour Gold Analysis

Gold was trading in rising channel in 4 hour and 1 hour chart analysis.After breaking the rising channel support in thursday session.We were expecting a correction towards hourly resistance which was previously support of rising channel.Gold move exactly according to our hourly trade idea in friday session and touch its resistance.Now we have invalidation point for this trade.We will set our invalidation or stoploss above 1303-05 level and our minimum bearish target is 1269-71 and 1251-55 in extension.Those who are looking to buy gold should wait for the better price near 1251-55 area.Alternately if gold move high and close above 1303-05 level.Then we will suggest to buy after the closing of 1305 with target 1327-29.Please see the 4 hour and hourly chart below for better understanding of our analysis.



Note

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Mati Ur Rehman


Gold Analyst @ Dailygoldanalysis.com

4 Hour Gold Technical Chart

4 Hour gold chart helps us to catch early confirmation of movement.Gold is forming Symmetric trinagle in 4 hour time frame chart and trading near to its support zone.The beauty of symmetric triangle is it can break anywhere either upside or downside.We will have to look the break confirmation before enter in the gold trade.If gold break and close below the support of symmetric channel in 4 hour candle, we will jump in bearish trade with target 1311 , 1301 and 1285 in extension.Broken support will act as a resistance as per technical rule and help traders to set the stoplosses.Alternely if gold fail to break the support and bounce , in that case we will look for the resistance area to see the break for buying gold.Please have a look in a 4 hour time gold techical chart.I have mention possible bearish movement diagram with invalidation and target area.

Please note , we will consider break after the closing of 4 hour candle.


Note

Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.
We always welcome the comments and feedback regarding charts and analysis.


For More detailed Chart Analysis and recommendations , Please visit our website

Wish you best of luck for trading

Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com

4 Hour Gold Technical Analysis

After breaking the symmetric triangle in hourly chart , Gold move lower towards its target we discussed in previous gold analysis.XAUUSD current market price is 1321-22 and we may see some correction before a new low.Gold minimum target for correction is around 1327-31 level, sellers may jump from 1327-31 towards gold final bearish target at 1311 and 1301-03 in extension which is also the major trend support of gold and the best level for gold buyers.Please see the hourly technical chart below, which help traders how to trade gold in hourly time frame.

Gold Hourly Resistance is at 1327-31
Gold Hourly Support is 1317-18
Gold Trend Support is at 1311 and 1301.


Note : Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.

We always welcome the comments and feedback regarding charts and analysis.
More Trade Analysis and recommendations , Please visit our website

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Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com

XAUUSD Analysis Today

In our previous analysis we were expecting bullish move in XAUUSD.Gold move higher exactly according to our expectations and made high around 1353 area in yesterday sesssion.Gold has clearly break its resistance of 1341 and according to technical rules resistance become support after broken.We will look for the buy entry again when gold will touch its resistance again.I am expecting little bit more upward movement today before a correction.Upward movement may end around 1353-55 level and then possible correction towards 1339-41 area in XAUUSD.Best buying gold area is around 1339-41 with minimum target 1367 and 1375 in extension.We will remain bullish in gold as long as gold is taking care of its support levels.i am sharing 4 hour XAUUSD time frame chart analysis , gold next possible movement diagram is mention in the chart.

Note : Movement and closing below 1339 will invalidate bullish thoughts in short term basis and may take gold toward 1323-25 level.Overall targets will remain same 1367 and 1375.


Check Out Daily XAUUSD forecast and chart patterns in our blog

Note : Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.

Wish you best of luck for trading

Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com

Forex Trading 4 Hour and Hourly Gold Analys

We were expecting a new high at friday session.Gold fail to give more high and reverse back with closing around 1266-67.We are still expecting upward movement before a new dip.It may give bounce from 1255-58 area towards 1281 and 1295-96 in extension.Please have a look in 4 hour and hourly chart below.I have mention possible movement diagram in the charts below.

4 Hour Time Frame Gold Chart


1 Hour Time Frame Gold Chart


Never risk more then 2% of your total capital in single trade, Always trade with proper risk management rules.

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[B]Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com[/B]

XAU USD 4 Hour & Hourly Time Frame Analysis

Gold is moving upwards after touching the hourly support around 1259-60 , current market price is 1275-76 and we are expecting more upward movement for minimum 1283 and maximum 1296.Price is moving in a rising channel direction in 4 hour chart.It is also possible price may touch 1271 ( support ) and then bounce back again.I am sharing 4 hour and hourly chart below with two different expected movement diagram.Both charts are indicating upward movement, but patterns are different.Please have a look in 4 hour and hourly chart below.

4 Hour XAU USD Chart



Hourly Gold Chart


Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.
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For Detailed Analysis go through the link below.

XAU USD Gold Technical Analysis | Forex Trading|FX


Gold Trading Hour Analysis

Houly analysis help us to get the clear and immidiate entry or exit level in our gold analysis.If you see the previous 4 hour charts, you will get the idea of accuracy in our hourly charts.Gold move exactly according to our expectations, Nearest support is at 1285, if gold break the support in hourly time frame then the next support is around 1273-77 , which will be the watching area to see further downside or bounce.Please have a look in 4 hour time frame chart below, i have mention possible next movement diagram with support and resistance areas.


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http://dailygoldanalysis.com/gold-trading-xau-usd-forex-trading/

Gold Support & Resistance

Hourly Support : (1) 1285 (2) 1273

-Hourly Resistance : 1307-09

Daily Support : 1273-77

Daily Resistance 1307-09

Note: Never risk more then 2% of your account capital in single trade.Always trade with proper risk management plan.
Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome and help us to improve.

Wish you good luck and happy trading

i like the clear analysis on this thread. i think we just hit the floor on Gold yesterday though USD strength is at its support. If that blasts though it could have ramifications (though i believe short term and both USD and Gold are safe havens - so USD strength has less affect on GOLD than common commodities. Risk is yesterdays low. Target $1500-1550.

Uh please be careful with gut feeling. Looking through the Ichimoku-spectacles there is no resistance to be seen at the moment (disclaimer: I am a trend follower, might be different if you apply chart analysis)


XAU USD Forex Trading Idea ( Hourly )

We love to share hourly chart because it gives us earliest signal and the closest picture of movement or trend.Gold is moving in a descending channel on an hourly time frame chart.Next support of descending channel is forming around 1251-55 or 1259-61 depend on the volatility of movement.Bearish confirmation line is mention in the chart below for better understanding.Alternately we will have to look either it will give reversal from the resistance or move up to break the resistance.Movement and closing above the resistance will give the earliest thought for trend reversal and if gold move above 1205-07 with 4-hour closing, it will be the confirmation of trend reversal.Gold minimum target after the resistance break may b 1231-33 and maximum at 1249-51.



Support & Resistance

Hourly Support : 1271-72

-Hourly Resistance : 1197-98

Daily Support : 1201-05

Daily Resistance 1249-51

For Detailed Technical Analysis , Please Visit XAU USD Forex Trading Idea | Forex Trading | Gold Trading

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

Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome and help us to improve.

Wish you good luck and happy trading

Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com

Thanks for the feedback and your post.

I believe we should wait for confirmation of bounce from the support zone or after breaking the resistance in daily time frame chart.

XAU USD Forex Trading Idea Update

We expected bearish move yesterday , price move down but bounce from the initial support area 1181-82 and trading again at resistance zone.The trend is still bearish and we are still expecting the bearish move from current market gold price which is 1188-89.The bearish final target may at 1151-55 which is the extreme support of trend.1151-55 is also the resistance zone of the previous broken ascending channel in weekly time zone.I am sharing alternate in the chart below.If gold breaks the resistance of descending channel in hourly time frame chart.It will be the early indication for bearish invalidation and may take gold towards the 1219-21 minimum.Resistance is forming at 1193-95 area.Break and closing of 1193-95 will invalidate the bearish thoughts in the hourly time frame.Movement and closing above 1205 will give more confidence to bulls.We will only take buy trade after the break of initial resistance 1193-95.Please keep in mind we will consider break after the closing of an hourly candle.Please have a look in a chart below.I have mention possible movement diagram with invalidation zone.

Hourly XAU USD Gold Update Chart



Support & Resistance

Hourly Support : 1271-72
-Hourly Resistance : 1197-98
Daily Support : 1201-05
Daily Resistance 1249-51

Note : Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.

We always welcome the comments and feedback regarding charts and analysis.

More Trade Analysis and recommendations , Please visit our website

Home - Daily Gold Analysis | Forex Trading | Gold Technical Analysis

Wish you best of luck for trading

[B]Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com[/B]

Please follow the update Gold hourly chart


For More Detailed Analysis Please visit the blog

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Home - Daily Gold Analysis | Forex Trading | Gold Technical Analysis

4H Gold Technical Analysis

Love to share 4-hour gold analysis , because it gives us earliest buy or sell gold signal.We can see a divergence forming in 4-hour time frame chart which is the earliest indication of the trend reversal.Movement and 4h closing above 1177-81 will confirm the divergence signal, whereas we will also look for buy entry from the major support zone 1151-55.In case if we miss the entry at support area, then we will look for the break of resistance around 1177-81 to jump in possible bullish rally towards the 1201-05 minimum.Gold longer term bullish target after the break of 1201-05 may around 1249-51, which is logically described in the daily chart above.

Please have a look at a 4h chart below for divergence confirmation.


For More Detailed Analysis , Please visit the blog post at Gold Forex Forecast | Gold Forex Prediction | Buy Sell Gold

Support & Resistance

Hourly Support : 1151-55
-Hourly Resistance : 1177-81
Daily Support : 1151-55
Daily Resistance 1201-05

Note:
Never risk more than 2% of your account capital in single trade.Always trade with the proper risk management plan.
Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome and help us to improve.

Wish you good luck and happy trading

Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com

Hello Forex Friends

It was expected for bullish move in gold, and the confirmation area was around 1271-73.Gold break its resistance and confirmation area today.Made new high around 1280, it gives us confidence for our bullish thoughts.According to technical rules, Resistance becomes support after a breakout. So 1271-73 become support for gold buyers.We are expecting minimum target 1201 for next couple of days.Please have a look at a gold chart below. I have mentioned possible next movement diagram.


Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.
We always welcome the comments and feedback regarding charts and analysis.

For Detailed Analysis go through the link below.

Home - Daily Gold Analysis | Forex Trading | Gold Technical Analysis

We were looking for the break of descending channel resistance in 4-hour chart.Gold move high and break the resistance according to the expectations.Gold first target already met at 1151-55 level.We are still bullish in gold and daily closing above 1151 will give more confidence towards this bullish rally.The gold hourly target may at 1171-73, and daily resistance is at 1201-05.
Resistance will act a support now, which will also consider as invalidation zone in hourly chart.Please have a look at hourly chart below.


https://dailygoldanalysis.com/trading-gold-xauusd-trading-strategy/

Note: Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.

We always welcome the comments and feedback regarding charts and analysis.

Wish you best of luck for trading

Mati Ur Rehman

Gold Analyst @ Dailygoldanalysis.com

4H Gold Overview

Gold is trading in a rising channel from a couple of days in a 4H chart.The beauty of rising channel is it makes higher high and lower high.The best way to trade the rising channel is to trade from lower high and set your target at the higher high resistance level.Gold recently touch its higher high around 1185 and reverse back to reach lower high support zone around 1171-72 with a bounce towards new high.We can see a clear reversal candle and resistance rejection in previous hour candle which is mentioned in the chart below.This reversal candle is also making a double bottom pattern in 4H chart.We have to look either this double top and reversal candles are the start of a correction or it will give new lower high to make new high around 1201 level, because if gold bounce again from the next support level, then the next resistance of rising channel is at 1201 level which is also the weekly target.Alternately if gold breaks its rising channel support and closes below the support in hourly chart.It will be the earliest indication that buyers are in control and sellers take the turn for new bearish moves.If gold breaks the support, then we may see gold towards 1150 minimum which is also the support on an hourly and daily chart.
My suggestion is to wait for the price to touch the rising channel support area.If we get the clear bullish candle from the support, we will jump in the market will invalidation below the support line which is mentions in a red line in a chart below.If gold breaks its support and close below the red line, then we will consider sell entry for the target 1150 with invalidation above the broken support line. Please see the hourly chart below for logical entry points.


Don’t risk more then 2% of your total account capital in one trade.Adjust your stop losses and lot sizes according to money management rule.
We always welcome the comments and feedback regarding charts and analysis.

For Detailed Analysis go through the link below.

Today Gold Analysis

It was expected a bounce from the rising channel support to touch next high at 1201.The gold move lower and bounce from the support as per prediction and give high at 1197-98 level, which is close to our target.Gold price today is trading at 1191-92.We are still bullish in gold because of enough momentum in gold.Weekly target is at 1201 level. I am expecting a correction from 1201-05 level towards 1180-75 area.4-hour Chart, next resistance of rising channel, is forming at 1211-12 area, but 1201 level is the weekly resistance zone.Gold may give reversal from 1201-05.
If gold move lower and break the support line of rising channel in hourly chart, it may take gold towards minimum 1150 level for bearish target.
Please have a look in a 4 Hour gold chart below. I have mentioned possible next target level with support and resistance areas.
Note: If you want to jump in bearish trade.Then please wait for the break of red support line of rising channel.
4 Hour Gold Update Chart ( Gold Price Today )


For More Updated Please Visit The Blog For Gold Price Today Analysis

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4 Hour Gold Price Today ( First Target Hit )

Gold move exactly according to our expectation and hit our first target in today session.Our first target was 1181-83 after breaking the rising channel in 4-hour chart.We are still bullish in gold and expecting the more downward movement to complete the momentum in daily and weekly volume.Gold may give small correction before making a new low.The new resistance is forming at 1199-1201 level; This could be the retracement level and phycological area for sellers.The next bearish target may 1175-77 and 1163 in extension.Please have a look at a 4-hour chart below.I have mentioned possible next movement diagram with targets.

4 Hour Gold Update Chart


For Detailed Technical Analysis , Please Visit https://dailygoldanalysis.com/gold-price-today-gold-news/

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

Feel free to comment below if you have any concern regarding charts and analysis.Your feedback is always welcome and help us to improve.

Wish you good luck and happy trading

Mati Ur Rehman

Gold Analyst @ Daily Gold Analysis | Forex Trading | Gold Technical Analysis - We provide best gold technical analysis daily,Working in forex trading from past 8 years.Get gold price XAUUSD technical analysis daily