Should price action for Gold remain inside the or breakout above the 1,272.75 to 1,285.10 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1,277.00
- Take Profit Zone: 1,310.50 – 1,324.20
- Stop Loss Level: 1,264.40
Should price action for Gold breakdown below 1,272.75 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1,266.90
- Take Profit Zone: 1,250.55 – 1,255.40
- Stop Loss Level: 1,272.75
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