Should price action for Gold remain inside the 1,286 to 1,300 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,286
- Take Profit Zone: 1,195 – 1,205
- Stop Loss Level: 1,316
Should price action for Gold breakdown below 1,286 the following trade set-up is recommended:
- Timeframe: H4
- 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: 1,316
Should price action for Gold breakout above 1,300 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1,305
- Take Profit Zone: 1,345 – 1,350
- Stop Loss Level: 1,286
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
