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 200 MA and 20 MA indicating .
The trend indicator is above zero level now, indicating movement.
If the 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)