Should price action for Gold remain inside the 1,209 to 1,213 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,211
- Take Profit Zone: 1,250 – 1,254
- Stop Loss Level: 1,192
Should price action for Gold breakout above 1,213 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: 1,250 – 1,254
- Stop Loss Level: 1,192
Should price action for Gold breakdown below 1,209 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,208
- Take Profit Zone: 1,188 – 1,192
- Stop Loss Level: 1,218
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
