Gold – Will the bulls storm ahead? November 27th 2014

Gold – Will the bulls storm ahead? November 27th 2014

Written by: PaxForex analytics dept - Thursday, 27 November 2014 0 comments


Should price action for Gold remain inside the 1,190 to 1,200 zone the following trade set-up is recommended:

  • Timeframe: W1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1,195
  • Take Profit Zone: 1,700 – 1,765
  • Stop Loss Level: 995

Should price action for Gold breakout above 1,200 the following trade set-up is recommended:

  • Timeframe: W1
  • Recommendation: Long Position
  • Entry Level: Long Position @ Retracements in the trend; buy orders during dips
  • Take Profit Zone: 1,700 – 1,765
  • Stop Loss Level: 995

Should price action for Gold breakdown below 1,190 the following trade set-up is recommended:

  • Timeframe: W1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1,180
  • Take Profit Zone: 980 – 1,000
  • Stop Loss Level: 1,200

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