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.

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