Good Evening Forex Friends

Gold has break its support in 1 hour time frame chart.We will sell gold from the higher price to get better entry level.We will still look for daily closing.According to 1 hour chart the break is confirm.Now the support will behave as a resistance.We will sell gold from the resistance with stoploss above the resistance.Our next target will be 1211-17 and 1191-93 in extension.Please have a look in a chart below.

Gold 1 Hour Update

Never risk more then 2% of your total account in single trade.Always trade with proper risk management rule.

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

Wish you good luck and happy trading.

Mati Ur Rehman

Gold Analyst @ Forex.today

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