Should price action for Gold remain inside the 1,277 to 1,281 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,279
- Take Profit Zone: 1,258 – 1,262
- Stop Loss Level: 1,286
Should price action for Gold breakdown below 1,277 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1,258 – 1,262
- Stop Loss Level: 1,286
Should price action for Gold breakout above 1,281 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,282
- Take Profit Zone: 1,295 – 1,298
- Stop Loss Level: 1,276
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