Yesterday Gold came out from the flat and went roughly down. Bulls couldn't do anything oppose. If the trend goes down we have to join Bears.
The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD histogram is below the zero line.
The oscillator Force Index is in correction, but under the 0-th level.
If the level of support is broken, you shall follow recommendations below:The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD histogram is below the zero line.
The oscillator Force Index is in correction, but under the 0-th level.
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 1203.44
- Take Profit Level: 1185.04 (1840 pips)
- Stop Loss Level: 1207.58 (414 pips)
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position 1206.36
- Take Profit Level: 1219.58 (1322 pips)
- Stop Loss Level: 1203.40 (296 pips)