If the price action for Gold remain inside the or breakdown below the 1,285.00 to 1,290.00 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,287.50
Take Profit Zone: 1,195.00 – 1,200.00
Stop Loss Level: 1,300.00
If the price action for Gold breakout above 1,290.00 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,295.00
Take Profit Zone: 1,330.00 – 1,340.00
Stop Loss Level: 1,285.00
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,287.50
Take Profit Zone: 1,195.00 – 1,200.00
Stop Loss Level: 1,300.00
If the price action for Gold breakout above 1,290.00 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,295.00
Take Profit Zone: 1,330.00 – 1,340.00
Stop Loss Level: 1,285.00