Should price action for Gold remain inside the 1,260 to 1,263 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,264
• Take Profit Zone: 1,243 – 1,246
• Stop Loss Level: 1,274

Should price action for Gold breakdown below 1,260 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: 1,243 – 1,246
• Stop Loss Level: 1,274

Should price action for Gold breakout above 1,263 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,265
• Take Profit Zone: 1,276 – 1,279
• Stop Loss Level: 1,259

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

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