Gold – December 18th 2014

Gold – December 18th 2014

Written by: PaxForex analytics dept - Thursday, 18 December 2014 0 comments


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.