Gold – September 11th 2014

Should price action for Gold remain inside the 1,246 to 1,250 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,248
• Take Profit Zone: 1,310 – 1,314
• Stop Loss Level: 1,225

Should price action for Gold breakout above 1,250 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 1,310 – 1,314
• Stop Loss Level: 1,225

Should price action for Gold breakdown below 1,246 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,245
• Take Profit Zone: 1,226 – 1,230
• Stop Loss Level: 1,255

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

You may also be interested in reading the following posts:

• GBPUSD – September 10th 2014
• USDCHF – September 9th 2014
• PaxForex starts September with 1,235 pips
• Why trading forex is not for everyone
• Interest rate’s influence in the forex market