Should price action for Gold remain inside the 1,290 to 1,295 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,293
• Take Profit Zone: 1,303 – 1,308
• Stop Loss Level: 1,288

Should price action for Gold breakout above 1,295 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 1,303 – 1,308
• Stop Loss Level: 1,288

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

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,285
• Take Profit Zone: 1,260 – 1,265
• Stop Loss Level: 1,290

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

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