Day trading strategies on GOLD 05-10-2016 by AzaForex forex broker, how to catapult yourself to success with forex

Just started in forex here are a few hints to learn.

The rate of Gold, like a stone from the sky, fell yesterday by more than 500 points. For a long time the price of the precious metal has not changed so dramatically during one trading session. Such shock in the Forex market didn't remained without attention of traders and investors around the world.
 
Professional traders who trade in Gold, have already prepared their trading accounts with various brokers to various changes in the exchange situation. Required collateral margin to open speculative positions is lying on the accounts and waiting for a chance. Such strong movements does not happen without reasons. Taking into account the scale of the movement, you can safely expect the second series. Now even small target of 1400 points is easily achievable.
 
The price is below a simple moving average 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, indicating bearish movement.
 
If the support level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Sell
•             The level of entry into short position: 1266
•             The level of profit and close the position: 1252 (1400 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2678
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1240
 
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 103.30
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9830