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 129.55
• Take Profit Level: 127.00 (255 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 132.30
• Take Profit Level: 133.00 (70 pips)
GOLD
Possible short position at the breakdown level 1306
GBPUSD
Possible short position at the breakdown level 1.1275
EURUSD
Possible short position at the breakdown level 1.1160
USDCHF
Possible long position at the breakout level 0.9790
