Should price action for Gold remain inside the 1,155 to 1,165 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1,160
• Take Profit Zone: 1,255 – 1,265
• Stop Loss Level: 1,110

Should price action for Gold breakout above 1,165 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 1,255 – 1,265
• Stop Loss Level: 1,110

Should price action for Gold breakdown below 1,155 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1,145
• Take Profit Zone: 1,100 – 1,105
• Stop Loss Level: 1,165

Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.