Should price action for Gold remain inside the 1,303 to 1,308 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1,306
• Take Profit Zone: 1,282 – 1,287
• Stop Loss Level: 1,318

Should price action for Gold breakdown below 1,303 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 1,282 – 1,287
• Stop Loss Level: 1,318

Should price action for Gold breakout above 1,308 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1,309
• Take Profit Zone: 1,322 – 1,326
• Stop Loss Level: 1,302

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

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