Analysis of GOLD 27.12.2019

Analysis of GOLD 27.12.2019

Written by: PaxForex analytics dept - Friday, 27 December 2019 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 1515.00
• Take Profit Level: 1535.00 (2000 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1506.00
• Take Profit Level: 1500.00 (600 pips)



USDJPY 
A possible long position at the breakout of the level 109.70

GBPUSD 
A possible long position at the breakout of the level 1.3075

USDCHF
A possible short position in the breakdown of the level 0.9750

EURUSD
A possible long position at the breakout of the level 1.1145