Should price action for Gold remain inside the 1,307 to 1,312 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,309
- Take Profit Zone: 1,200 – 1,205
- Stop Loss Level: 1,350
Should price action for Gold breakdown below 1,307 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1,200 – 1,205
- Stop Loss Level: 1,350
Should price action for Gold breakout above 1,312 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,313
- Take Profit Zone: 1,340 – 1,344
- Stop Loss Level: 1,300
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