Should price action for Gold remain inside the 1,266 to 1,270 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1,268
• Take Profit Zone: 1,314 – 1,318
• Stop Loss Level: 1,246

Should price action for Gold breakout above 1,270 the following trade set-up is recommended:

• Timeframe: H4
• 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: 1,246

Should price action for Gold breakdown below 1,266 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1,265
• Take Profit Zone: 1,240 – 1,244
• Stop Loss Level: 1,276

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

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