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

• New Zealand Business Performance of Services Index: The New Zealand Services Performance of Manufacturing Index for August was reported at 57.3. Forex traders can compare this to the New Zealand Business Performance of Services Index for July which was reported at 56.0.
• UK Rightmove House Prices: UK Rightmove House Prices for September decreased by 1.2% monthly and increased by 1.1% annualized. Forex traders can compare this to UK Rightmove House Prices for August which decreased by 0.9% monthly and which increased by 3.1% annualized.
• Australian New Motor Vehicle Sales: Australian New Motor Vehicle Sales for August were reported flat at 0.0% monthly and increased by 1.7% annualized. Forex traders can compare this to Australian New Motor Vehicle Sales for July which decreased by 2.4% monthly and which increased by 1.7% annualized.
• Eurozone CPI and Eurozone Core CPI: The Final Eurozone CPI for August is predicted to increase by 1.5% annualized and the Eurozone Core CPI is predicted to increase by 1.2% annualized. Forex traders can compare this to the previous Eurozone CPI for August which increased by 1.3% annualized and to the Eurozone Core CPI which increased by 1.2% annualized. The Eurozone CPI for August is predicted to increase by 0.3% monthly. Forex traders can compare this to the Eurozone CPI for July which decreased by 0.5% monthly.
• Canadian International Merchandise Trade Balance: The Canadian International Merchandise Trade Balance for July is predicted at -C$0.52B. Forex traders can compare this to the Canadian International Merchandise Trade Balance for June which was reported at -C$0.92B.
• US NAHB Housing Market Index: The US NAHB Housing Market Index for September is predicted at 67. Forex traders can compare this to the US NAHB Housing Market Index for August which was reported at 68.

Should price action for Gold remain inside the or breakout above the 1,310.00 to 1,320.00 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,315.00
• Take Profit Zone: 1,355.00 – 1,365.00
• Stop Loss Level: 1,300.00

Should price action for Gold breakdown below 1,310.00 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,300.00
• Take Profit Zone: 1,275.00 – 1,285.00
• Stop Loss Level: 1,310.00

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