Should price action for Gold remain inside the 1,222 to 1,227 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,223
• Take Profit Zone: 1,186 – 1,191
• Stop Loss Level: 1,232

Should price action for Gold breakdown below 1,222 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: 1,186 – 1,191
• Stop Loss Level: 1,232

Should price action for Gold breakout above 1,227 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,232
• Take Profit Zone: 1,247 – 1,252
• Stop Loss Level: 1,222

Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.