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 154.40
• Take Profit Level: 152.40 (200 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 155.90
• Take Profit Level: 156.80 (90 pips)
GOLD
Possible long position at the breakout level 1283
GBPUSD
Possible long position at the breakout level 1.4530
EURUSD
Possible long position at the breakout level 1.1440
USDCHF
Possible short position at the breakdown level 0.9650
