Analysis of GOLD 20.01.2020

Analysis of GOLD 20.01.2020

Written by: PaxForex analytics dept - Monday, 20 January 2020 0 comments



The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1563.00
• Take Profit Level: 1578.00 (1500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1553.00
• Take Profit Level: 1546.00 (700 pips)



USDJPY 
A possible long position at the breakout of the level 110.30

GBPUSD 
A possible short position in the breakdown of the level 1.2950

USDCHF
A possible short position in the breakdown of the level 0.9660

EURUSD
A possible short position in the breakdown of the level 1.1080