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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