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GOLD analysis 25-01-2016 by PaxForex‏

 

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1113
Take Profit Level: 1125 (1200 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1093.50
Take Profit Level: 1083.50 (1000 pips)

EURUSD
Possible short position in the breakdown of the level 1.0775

USDJPY
Possible long position at the breakdown level 118.85

USDCHF
Possible long position at the breakdown level 1.0170

GBPUSD
Possible short position in the breakdown of the level 1.4210

 

Source: www.paxforex.com

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