Should price action for Gold remain inside the 1,287 to 1,290 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,289
• Take Profit Zone: 1,273 – 1,276
• Stop Loss Level: 1,298

Should price action for Gold breakdown below 1,287 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 1,273 – 1,276
• Stop Loss Level: 1,298

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

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,291
• Take Profit Zone: 1,306 – 1,309
• Stop Loss Level: 1,283

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

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