Gold – September 24th 2014
Gold – September 24th 2014
Written by: PaxForex analytics dept - Wednesday, 24 September 2014 0 comments
Should price action for Gold remain inside the 1,221 to 1,225 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,223
- Take Profit Zone: 1,310 – 1,314
- Stop Loss Level: 1,193
Should price action for Gold breakout above 1,225 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: 1,193
Should price action for Gold breakdown below 1,221 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,220
- Take Profit Zone: 1,182 – 1,186
- Stop Loss Level: 1,241
Open your PaxForex Trading Account now and add this commodity to your commodity portfolio.
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