Analysis of GOLD 04.02.2019

04 Feb. 2019
Should price action for Gold remain inside the or breakout above the 1,304.20 to 1,318.75 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1,312.00
  • Take Profit Zone: 1,350.80 – 1,365.80
  • Stop Loss Level: 1,297.50
Should price action for Gold breakdown below 1,304.20 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1,295.10
  • Take Profit Zone: 1,266.20 – 1,276.30
  • Stop Loss Level: 1,304.20

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