The price is below the moving average MA 200 and 20 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: 304.75
• Take Profit Level: 310.00 (525 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position: 294.00
• Take Profit Level: 293.70 (100 pips)
GOLD
Possible short position in the breakdown of the level 1245
EURUSD
Possible long position at the breakout of the level 1.0570
USDCHF
Possible long position at the breakout of the level 1.0100
USDJPY
Possible long position at the breakout of the level 110.60
