The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is below the zero level.
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 117.20
• Take Profit Level: 115.10 (210 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 120.00
• Take Profit Level: 120.80 (80 pips)
GOLD
Possible short position at the breakdown level 1327
GBPUSD
Possible short position at the breakdown level 1.2915
USDJPY
Possible short position at the breakdown level 100.00
USDCHF
Possible long position at the breakdown level 0.9720
