Should price action for Gold remain inside the 1,305 to 1,315 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1,310
• Take Profit Zone: 1,330 – 1,345
• Stop Loss Level: 1,290

Should price action for Gold breakout above 1,320 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: 1,330 – 1,345
• Stop Loss Level: 1,290

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

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1,290
• Take Profit Zone: 1,270 – 1,280
• Stop Loss Level: 1,320

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

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