Should price action for Gold remain inside the 1,140 and 1,150 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1,145
- Take Profit Zone: 1,240 – 1,250
- Stop Loss Level: 1,100
Should price action for Gold breakout above 1,150 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: 1,240 – 1,250
- Stop Loss Level: 1,100
Should price action for Gold breakdown below 1,140 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,130
- Take Profit Zone: 1,100 – 1,105
- Stop Loss Level: 1,140
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
