Gold Bound for Pullback

Should price action for Gold remain inside the 1,330 to 1,350 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1,330
• Take Profit Zone: 1,270 – 1,280
• Stop Loss Level: 1,375

Should price action for Gold breakdown below 1,330 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: 1,270 – 1,280
• Stop Loss Level: 1,375

Should price action for Gold breakout above 1,350 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1,350
• Take Profit Zone: 1,375
• Stop Loss Level: 1,330

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

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