The price is below the moving average MA 200 and 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 111.00
• Take Profit Level: 109.70 (130 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 112.70
• Take Profit Level: 113.60 (90 pips)
GOLD
Possible long position at the breakout level 1253
GBPUSD
Possible short position at the breakdown level 1.3870
EURUSD
Possible long position at the breakout level 1.1050
USDCHF
Possible short position at the breakdown level 0.9850
