Should price action for Gold remain inside the 1,290 to 1,330 zone the following trade set-up is recommended:

• Timeframe: W1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,300
• Take Profit Zone: 1,540 – 1,590
• Stop Loss Level: 1,240

Should price action for Gold breakout above 1,330 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: 1,540 – 1,590
• Stop Loss Level: 1,240

Should price action for Gold breakdown below 1,290 the following trade set-up is recommended:

• Timeframe: W1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,280
• Take Profit Zone: 1,200 – 1,220
• Stop Loss Level: 1,320

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

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