Gold – January 22nd 2015

Gold – January 22nd 2015

Written by: PaxForex analytics dept - Thursday, 22 January 2015 0 comments


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.