Should price action for Gold remain inside the 1,330 to 1,350 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,345
- Take Profit Zone: 1,270 – 1,280
- Stop Loss Level: 1,375
Should price action for Gold breakdown below 1,330 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: 1,270 – 1,280
- Stop Loss Level: 1,375
Should price action for Gold breakout above 1,350 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1,350
- Take Profit Zone: 1,375 – 1,385
- Stop Loss Level: 1,330
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