Gold Price Analysis Update
|Yesterday we expected bearish movement with minimum target 1271.Market move lower and bounce from 1274 zone.Current gold price is 1279, It seems bearish bias is still not over and we are still expecting a more bearish move towards minimum 1271 and maximum 1263.
Please have a look at 4-hour time frame chart below, I have drawn possible next movement diagram with target and invalidation area.
4-Hour Gold Price Chart
Gold Support & Resistance Levels April 20th, 2017
Resistance 1: 1287-88
Support 1: 1271
Support 2: 1263
Wish you good luck and happy trading
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