Should price action for Gold remain inside the 1,288 to 1,292 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1,290
• Take Profit Zone: 1,316 – 1,320
• Stop Loss Level: 1,275

Should price action for Gold breakout above 1,292 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: 1,316 – 1,320
• Stop Loss Level: 1,275

Should price action for Gold breakdown below 1,288 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1,287
• Take Profit Zone: 1,268 – 1,272
• Stop Loss Level: 1,296

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

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