Analysis of GOLD 29.01.2019

29 Jan. 2019
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 1310.00
Take Profit Level: 1320.00 (1000 pips)

If the price rebound from resistance level, you should follow recommendations below:

Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position 1302.00
Take Profit Level: 1296.00 (600 pips)
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