PaxForex

Analysis on GOLD 4.09.2019

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1555.00
• Take Profit Level: 1570.00 (1500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1515.00
• Take Profit Level: 1505.00 (1000 pips)



USDJPY
A possible long position at the breakout of the level 106.30

EURUSD
A possible long position at the breakout of the level 1.1025

USDCHF
A possible short position in the breakdown of the level 0.9835

GBPUSD
A possible long position at the breakout of the level 1.2220

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