Should price action for Gold remain inside the 1,287 to 1,290 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,289
- Take Profit Zone: 1,273 – 1,276
- Stop Loss Level: 1,298
Should price action for Gold breakdown below 1,287 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1,273 – 1,276
- Stop Loss Level: 1,298
Should price action for Gold breakout above 1,290 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,291
- Take Profit Zone: 1,306 – 1,309
- Stop Loss Level: 1,283
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