AzaForexBroker
Long

Day trading strategies on GOLD by AzaForex forex broker

FX:XAUUSD   Gold/U.S. Dollar
Need some moneymaking tips for trading on foreign exchange try these.
In the previous trading recommendations for Gold             , we recommend to buy the precious metal and they were right. The price of gold             all the time only grows. When other currency pairs in the Forex market trends are not clear with the precious metal more or less clear. Gold             , as a tool for risk aversion again in demand. This indicates the absence of traders and investors confidence in the future and they have resorted to the time-tested tactic of trading. If the price of Gold             will overcome the level of support, and this breakthrough will not be false, and to find support in a sufficient number of orders for the purchase, then the transaction will be to make good money, as obstacles to the growth of the price of Gold             is not.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend .
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 1358
• The level of profit and close the position: 1374 (1600 pips)
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