Gold Price Analysis Update

Mati Ur Rehman DailyGoldAnalysis

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

1. R3 1306.67
2. R2 1298.69
3. R1 1289.15
PP 1281.17
1. S1 1271.63
2. S2 1263.65
3. S3 1254.11

Gold Price Predictions

Author

Mati Ur Rehman

DailyGoldAnalysis

Mati Ur Rehman is a seasoned forex trader with over 15 years of experience in the financial markets, specializing in technical analysis of gold and major currency pairs.

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