Forex Trading recommendation on GOLD 25-05-2016 by AzaForex forex broker

Proven advice on trading forex the right way.
Our yesterday's recommendation on Gold sales already reached the goal, we're in profit. Judging by how quickly events unfolded in the Forex market, and the price dropped so quickly, and we can now hope that the bears do not lose their force and direction, and we will be able to earn more. Investors and traders, as stated yesterday, really prefer riskier but profitable currency pairs and indices, and was taken out of safe assets in gold the reserves. If prices continue to fall, we join the bears.
 
The price is below a simple moving average 200 MA and 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 1222
•             The level of profit and close the position: 1210 (1200 pips)
 
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4640
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1130
 
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 110.20
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9940