Forex Trading recommendation on GOLD 4-04-2016 by AzaForex

Use these great forex tips and tricks .
Gold is not defined with the main direction of motion. And bears today look more convincing. From the fall of the price only keeps the support level 1208.00. If the price is pass this level, there is the potential downward movement of more than 1.800 points
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.
The oscillator Force Index is below zero level now, indicating the strength of bears.
 
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 1208.00
•             Take Profit Level: 1190 (1800 pips)
 
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 111.20
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4165
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1440
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9550