The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD came out of the histogram.
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 159.40
• Take Profit Level: 157.20 (220 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 160.80
• Take Profit Level: 161.70 (90 pips)
GOLD
Possible long position at the breakout level 1238.00
GBPUSD
Possible short position at the breakdown level 1.4140
USDJPY
Possible short position at the breakdown level 112.80
USDCHF
Possible short position at the breakdown level 0.9900
