Here are the key factors to keep in mind today for Gold trades:

• Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending March 29th was reported at ¥1,243.5B and Japanese Buying Foreign Stocks was reported at ¥61.5B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending March 22nd which was reported at ¥1,782.0B and to Japanese Buying Foreign Stocks which was reported at -¥74.2B. Foreign Buying Japanese Bonds for the period ending March 29th was reported at ¥1,570.6B and Foreigners Buying Japanese Stocks was reported at ¥438.7B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending March 22nd which was reported at -¥1,487.5B and to Foreigners Buying Japanese Stocks which was reported at -¥1,092.2B.
• German Factory Orders: German Factory Orders for February decreased by 4.2% monthly and by 8.4% annualized. Economists predicted an increase of 0.3% monthly and a decrease of 3.1% annualized. Forex traders can compare this to German Factory Orders for January which decreased by 2.6% monthly and by 3.9% annualized.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of March 30th are predicted at 216K and US Continuing Claims for the week of March 23rd are predicted at 1,750K. Forex traders can compare this to US Initial Jobless Claims for the week of March 23rd which were reported at 211K and to US Continuing Claims for the week of March 16th which were reported at 1,756K.
• Canadian Ivey PMI: The Canadian Ivey PMI for March is predicted at 51.1. Forex traders can compare this to the Canadian Ivey PMI for February which was reported at 50.6.

Should price action for Gold remain inside the or breakout above the 1,285.15 to 1,296.75 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,292.50
• Take Profit Zone: 1,350.80 – 1,365.80
• Stop Loss Level: 1,280.65

Should price action for Gold breakdown below 1,285.15 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,277.00
• Take Profit Zone: 1,232.70 – 1,241.50
• Stop Loss Level: 1,290.00

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.