Gold – September 17th 2014

Should price action for Gold remain inside the 1,235 to 1,239 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,237
• Take Profit Zone: 1,314 – 1,318
• Stop Loss Level: 1,220

Should price action for Gold breakout above 1,239 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: 1,314 – 1,318
• Stop Loss Level: 1,220

Should price action for Gold breakdown below 1,235 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,234
• Take Profit Zone: 1,220 – 1,224
• Stop Loss Level: 1,245

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

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