Day trading strategies on currency pair GOLD 27-07-2016 by AzaForex forex broker, forexs tips that anyone can use today

Expert suggestions that make forex work for you.
Gold has prepared for a jump, it is easily seen on the chart. It seems that now at the Gold market something will happen. Price came to the strong level of support, which can be carried out through a minimum in the four hour time slot. Range of changes in price of Gold is getting lower. Considering that in the past we saw such figures, after which the price was flying upward. We can prepare ourselves for the purchase, if traders and investors see the potential to make money by trading in gold, and will start slowly to push the price up. As a sign of such changes the volume of transactions will start to increase, indicating to us that the buyers of the precious metal appeared at the market. This speculation can make good money, because it is still too far from the ne­arest resistance levels. Taking into account the potential transaction the west attitude of our profit to a loss will be fully consistent with the risk management. Therefore, once the raw commodities market will provide us with the necessary signals to buy, we use the market situation and buy Gold.
 
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: 1325
•             The level of profit and close the position: 1350 (2500 pips)
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9950
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.3060
 
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 106.50
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0950