Gold – January 29th 2015

Gold – January 29th 2015

Written by: PaxForex analytics dept - Thursday, 29 January 2015 0 comments


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.