Should price action for the Gold remain inside the 1,190 to 1,200 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,190
- Take Profit Zone: 1,145 – 1,150
- Stop Loss Level: 1,220
Should price action for Gold breakdown below 1,190 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: 1,145 – 1,150
- Stop Loss Level: 1,220
Should price action for Gold breakout above 1,200 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,205
- Take Profit Zone: 1,220 – 1,230
- Stop Loss Level: 1,190
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