Should price action for Gold remain inside the 1,292 to 1,297 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1,295
- Take Profit Zone: 1,334 – 1,338
- Stop Loss Level: 1,276
Should price action for Gold breakout above 1,297 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: 1,334 – 1,338
- Stop Loss Level: 1,276
Should price action for Gold breakdown below 1,292 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1,291
- Take Profit Zone: 1,270 – 1,274
- Stop Loss Level: 1,300
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