Should price action for Gold remain inside the 1,195 to 1,205 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,200
- Take Profit Zone: 1,290 – 1,300
- Stop Loss Level: 1,150
Should price action for Gold breakout above 1,205 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1,290 – 1,300
- Stop Loss Level: 1,150
Should price action for Gold breakdown below 1,195 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,185
- Take Profit Zone: 1,130 – 1,140
- Stop Loss Level: 1,205
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
