Gold – September 17th 2014
Gold – September 17th 2014
Written by: PaxForex analytics dept - Wednesday, 17 September 2014 0 comments
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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