The price is below the moving average 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 122.40
• Take Profit Level: 121.00 (140 pips)
• Stop Loss Level: 122.90 (50 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 123.00
• Take Profit Level: 120.90 (90 pips)
• Stop Loss Level: 122.70 (30 pips)
GOLD
Possible long position at the breakout level 1199
GBPUSD
Possible long position at the breakout level 1.5930
EURUSD
Possible long position at the breakout level 1.1420
USDCHF
According to the recommendations USDCHF open short position
