Trading recommendation on GOLD 17-06-2016 by AzaForex forex broker, price for gold, gold pricing

The rate of Gold yesterday drastically changed after fresh news. During last days it was possible to observe a growing trend. Gold was growing every day, and it seemed that it would never end. But yesterday everything changed. Within minutes, the mood of traders and investors have taken completely the opposite direction. Such abrupt changes in rates in the Forex market rarely stops without future movement. Therefore, you can count on a further reduction in rates, at a penetration level of support. If the bearish sentiment in the stock market will continue, we will open a short position.
 
On the bearish sentiment indicates that the average out of the MACD histogram.
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 1276
•             The level of profit and close the position: 1264 (1200 pips)
 
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4300
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1270
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 103.50
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9680