Good Morning Forex Fantasies
In our yesterday analysis we were expecting a correction towards 1243-47, Price move lower toward 1250 and close at 1255 , It was range bound market between 10 points.I believe this correction is not complete yet, Price could move more lower today before a clear bounce.I am sharing different time frame chart analysis to give my view about gold next possible move.
Daily Forecast
yesterday candle closing was spinning top.It seems confusion between bulls and bears.According to our expectation price could move lower today towards minimum 1243-44 and it may extend towards 1231-32.This area is also a physiological support of daily time frame chart.If gold fails to move lower, we may see gold at 1271 and 1283 in extension.Our overall thoughts are bullish.we will look for better price to jump in the market.If we get 1231-33 area , this could be the best area to buy gold.Please go through the daily chart below, i have mention support and resistance in the chart.
Gold 1 Hour Forecast
1 hour time frame chart help us to catch early move and confirmation.Price is moving in a rising channel in 1 hour chart. Immediate support in hourly chart is forming at 1249-51 area.Close below this level will break the channel and this could be the short term sell area towards 1241-43 and 1233-35 in extension with invalidation 1261-63.If gold bounce from the support we will look for the break of 1263 to jump in the market for bullish rally.I suggest you to stay neutral in the market until price give break confirmation.We will look for buy entry from the better price.1249-51 is the watching area for short term sellers, Sellers should wait for the confirmation of break in hourly chart.I have mention support and possible target area in the chart below.Please have a look.
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.
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Home - Daily Gold Analysis
Wish you best of luck for trading
[B]Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com[/B]
Good Morning Gold Fantasies
In our yesterday analysis we were expecting bearish move towards 1241-43 and 1231-33 in extension.Gold move down according to expectations and give a low around 1239.I am still expecting little more down movement before bounce. I am sharing different time frame chart analysis to give my logical thoughts about gold.Please read the analysis below.
Daily Gold Chart Analysis
Previous candle closing in daily time frame chart indicating more bearish move today and possible immediate support is at 1231-33 area.Next support is at 1223-24 and 1191-93 that is also a main trend support.I am expecting a bounce from immediate support around 1231-33 with minimum target 1249-51.Gold is forming possible incomplete symmetric triangle pattern in a small range between 1223-24 to 1249-51.If gold test support and move high towards 1251 then we will consider it a complete symmetric.We may see gold in this range for couple of days and then it may break towards upside with minimum target 1269-71 and 1283-85 in extension.If gold move lower and break 1223-24 area , then this symmetric triangle will invalidate and we will look for buy entry from the third support level.I have mention support and resistance area of incomplete symmetric triangle in daily chart.please have a look below.
4 Hour Gold Chart Analysis
I have set Fibonacci retracement level to get possible bounce area for gold today in 4 hour chart.Gold may bounce from 1231-33 towards 1249-51.Rising support of 4 hour chart is at 1227-28, If gold move and close below this level , it will invalidate our 4 hour bullish thoughts in short term .Break below this support will convert support into resistance and that will be the watching area to predict next move for gold.I suggest you to set your stop loss below the invalidation point i have mention in the chart below.
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.
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Home - Daily Gold Analysis
Wish you best of luck for trading
[B][I]Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com[/I][/B]
Good Evening Forex Friends
In our morning analysis we were expecting a bounce from 1231-33 level , Price move lower around 1229 and bounce exactly according to our expectations and give a high at 1243.Our first target was 1251 that is still the same and expecting to meet today.Price could also move lower to test the support again.Please keep in mind this short term trade idea is valid untill price is above the invalidation point i have mention in the chart below.If gold move down and close below the support line, we will consider this trade idea invalidate.Please go through the chart below.
For the reference of previous analysis i am also sharing previous 4 hour chart below
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.
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Home - Daily Gold Analysis
Wish you best of luck for trading
[B][I]
Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com[/I][/B]
Good Morning Forex Fantasies
price bounce from the 4 hour rising support yesterday and give high around 1255-56 area.our first target was 1251.Price may give more upward movement today after little bit correction.I am sharing three different time frame charts analysis to share my thoughts regarding gold next move.please go through the gold technical analysis written below.
4 Hour Gold Analysis
4 hour gold chart can give better understanding and early signal to jump in the market.Yesterday movement and bounce from the rising support give more confidence towards our bullish thoughts.Now rising support is at 1234-35 level , price may touch the support again or it can also bounce from the minor support that was previous resistance at 1243-45 area with target at 1263-65 and 1277-81 in extension.Please keep in mind if gold fail to give correction then we will look price to break yesterday high 1256 for bullish trade with target 1263 and 1277 in extension. Invalidation is below the rising support if gold break and close below the support , it will invalidate our bullish thoughts and we may look for buy entry again in more better price from 1211-13 but we will consider this in alternate scenario.I draw a possible bullish movement for today in the chart below , Please have a look.
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.
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Home - Daily Gold Analysis
Wish you best of luck for trading
Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com
Good Morning Gold Riders
We were expecting a correction towards 1243-45 before bounce for new target.Gold move down and bounce back towards its first resistance.I believe correction is not complete yet, gold is forming support lower then yesterday expectations.I am sharing different time frame chart analysis to discuss possible next move.Please go though the analysis written below.
4 Hour Analysis
Yesterday we were expecting a bounce from 1243-45 area.Gold give bounce from expecting area but fail to break the resistance and reverse back.Now we get the clear resistance area in 4 hour time frame chart i have mention in the chart below.After the yesterday reversal gold we spot a symmetric triangle range in 4 hour time frame chart which will give us possible bullish thoughts from the support area.Rising support is become 1231-33 now and declining resistance in 4 hour chart is 1251-53 level.we will have to look for buy entry from the support or after breaking of resistance.I have mention support and resistance area in the chart below. Alternately if gold break the rising support in 4 hour time frame chart and close below the symmetric range it will invalidate our bullish trade idea and may give us short term bearish option towards 1211-13.Please go through the 4 hour chart below, i have mention support, resistance, buying zone and invalidation area.
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 Trade Analysis and recommendations , Please visit our website
Home - Daily Gold Analysis
Wish you best of luck for trading
[B][I]Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com[/I][/B]
Good Morning Forex Friends
We were looking for bounce from rising channel support around 1231-33.Price move lower at 1227 and close at 1232 level in Friday session.We will look for the confirmation of break or bouncing back pattern.I am sharing 4 Hour time chart analysis to give my thoughts regarding gold next move.Please go though the analysis written below.
4 Hour Gold Analysis
We can catch early bounce or break confirmation in 4 hour time frame chart.Gold was forming rising channel in 4 hour chart.Friday 4 hour closing was exact at support level of rising channel and low was around 1226-27.If gold move below 1226 it will confirm the support break.Support will become resistance in that case an we will look for sell entry from 1225 with minimum target at 1211-13 and invalidation above the resistance level.Alternate if gold bounce from 1231 and close above the support level, then gold next target may 1243-47 that is psychological first resistance and the second resistance of rising channel is at 1275-77 area.I suggest you to stay neutral until price move below 1226 or give clear bounce from 1231.Please see the chart below , i have mention break confirmation area and possible bounce level with targets.
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
Home - Daily Gold Analysis
Wish You Best Of Luck And Happy Trading
[B][U][I]Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com
[/I][/U][/B]
Good Morning Gold Riders
4 Hour Gold Overlook
We love to pick 4 hour chart to get the closer picture and early confirmation regarding gold next move.Gold attempt twice to break the rising channel in 4 hour time frame but reverse back.We are bullish in gold and looking for better price to jump in the bullish rally.Couple of reversal candle in 4 hour time frame chart indicating short term bearish move towards 1271-73 and 1251-55 in extension.We will wait for the better price to jump in the market.If gold bounce and fail to touch these support level then we will look to enter in the market after the break of rising channel resistance 1296-97 with invalidation below the resistance that will become support after the break confirmation.Movement and closing above 1303-04 will give more confidence towards gold next target 1315-21 level.Please go through the chart below , I have mention possible bounce areas and target level.
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
Home - Daily Gold Analysis
Wish You Good Luck & Happy Trading
[B][U][I]
Mati Ur Rehman
Gold Analyst @ Dailygoldanalysis.com[/I][/U][/B]
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
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
Home - Daily Gold Analysis
Wish you best of luck for trading
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
Home - Daily Gold Analysis
Wish you best of luck for trading
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
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Home - Daily Gold Analysis|Forex Trading | Gold Technical Analysis
[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
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We always welcome the comments and feedback regarding charts and analysis.
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.
Please follow the link below for detailed analysis
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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