Day trading strategies on currency pair GOLD 22-09-2016 by AzaForex forex broker, dont miss these great forex tips and tricks

The price of gold moves from one range to the other border. These movements are like a swing. Now the price of gold rushed to the upper boundary of the corridor. We are seeing good momentum in the growth of the gold price, and if the price level will be held in 1337, it is possible to count on 1000 points of profit until the price reaches even the level of resistance of the range. This growing surge in prices and can turn into a growing trend, as has long been the course of Gold did not move much on the charts.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.

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: 1337
•    The level of profit and close the position: 1347 (1000 pips)

Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9680

Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.3100

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 100.00

Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1250