Should price action for Gold remain inside the 1,206 to 1,210 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,208
- Take Profit Zone: 1,284 – 1,288
- Stop Loss Level: 1,175
Should price action for Gold breakout above 1,210 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1,284 – 1,288
- Stop Loss Level: 1,175
Should price action for Gold breakdown below 1,206 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,205
- Take Profit Zone: 1,180 – 1,184
- Stop Loss Level: 1,215
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
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