AzaForexBroker
Long

Day trading strategies on GOLD 30-06-2016 by AzaForex broker

FX:XAUUSD   Gold/U.S. Dollar
Here are some things to know regarding foreign exchange traders.
There is nothing clear in Forex market now. All currency pairs freezes in anticipa­tion of a miracle. All more or less clear movement of the foreign exchange market purchased the flat variety. Frankly, we would advise traders, if they have open positions, to reduce their number, and if you have not had time to enter into the market do not rush too much with it. Summer came and now is the time to rest and relax in nature.
The rate of Gold             does not look particularly impressive, but each price cut less and less, which indicates that Gold             has its own buyers. Taking into account that there is nothing special to trade with and the price of gold             rose last few days, you can try to catch a large price movement of the trend.

The price is above a simple moving average 200 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: 1328
• The level of profit and close the position: 1340 (1200 pips)
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