Should price action for Gold remain inside the 1,268 to 1,273 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,270
- Take Profit Zone: 1,298 – 1,303
- Stop Loss Level: 1,250
Should price action for Gold breakout above 1,273 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1,298 – 1,303
- Stop Loss Level: 1,250
Should price action for Gold breakdown below 1,268 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,263
- Take Profit Zone: 1,243 – 1,248
- Stop Loss Level: 1,268
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
