GOLD | Trading Analysis

GOLD | Trading Analysis

Written by: PaxForex analytics dept - Wednesday, 25 March 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 1639.00
  • Take Profit Level: 1657.00 (1800 pips)

If the price rebound from resistance level, you should follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position 1597.00
  • Take Profit Level: 1590.00 (700 pips)

USDJPY 
A possible long position at the breakout of the level 111.65

EURUSD 
A possible short position in the breakdown of the level 1.0780

USDCHF
A possible short position in the breakdown of the level 0.9780

GBPUSD
A possible long position at the breakout of the level 1.1960