Should price action for Gold remain inside the 1,266 to 1,270 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1,268
- Take Profit Zone: 1,314 – 1,318
- Stop Loss Level: 1,246
Should price action for Gold breakout above 1,270 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1,314 – 1,318
- Stop Loss Level: 1,246
Should price action for Gold breakdown below 1,266 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,265
- Take Profit Zone: 1,240 – 1,244
- Stop Loss Level: 1,276
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