Important Levels for Gold

Gold is in a good down trend. Here are important levels which can be used for entry. Open short trades and join the trend when price bounces from resistance levels or Moving Averages with 20 and 50 periods. Short trades must be confirmed by falling MACD histogram. Profit targets are support levels. Open long trades when price bounces from support levels and you have confirmations from indicators. MACD histogram must rise and confirm up movement. ADX line of DMI indicator must reverse and start falling. Place take-profit orders near resistance levels and Moving Averages. Price reversals from levels and Moving Averages must be confirmed by RSI.