The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position: 36.20
• Take Profit Level: 35.30 (90 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 37.20
• Take Profit Level: 38.00 (80 pips)
GOLD
Possible long position at the breakdown level 1308
GBPUSD
Possible long position at the breakdown level 1.2450
USDJPY
Possible short position at the breakdown level 102.50
USDCHF
Possible short position at the breakdown level 0.9690
