The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 8000.00
• Take Profit Level: 7400.00 (60000 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 8700.00
• Take Profit Level: 9000.00 (30000 pips)
GOLD
A possible long position at the breakout of the level 1536.00
USDJPY
A possible long position at the breakout of the level 106.95
EURUSD
A possible short position in the breakdown of the level 1.0990
GBPUSD
A possible short position in the breakdown of the level 1.2400
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