Should price action for Gold remain inside the 1,250 to 1,260 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,250
- Take Profit Zone: 1,195 – 1,205
- Stop Loss Level: 1,270
Should price action for Gold breakdown below 1,250 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1,195 – 1,205
- Stop Loss Level: 1,270
Should price action for Gold breakout above 1,260 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,270
- Take Profit Zone: 1,290 – 1,300
- Stop Loss Level: 1,250
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
