Should price action for Gold remain inside the 1,312 to 1,317 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,315
- Take Profit Zone: 1,280 – 1,285
- Stop Loss Level: 1,332
Should price action for Gold breakdown below 1,312 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1,280 – 1,285
- Stop Loss Level: 1,332
Should price action for Gold breakout above 1,317 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1,318
- Take Profit Zone: 1,332 – 1,336
- Stop Loss Level: 1,310
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