Wednesday, June 4, 2014

Should price action for Gold

This Forex Signal For 4-5june2014
Should price action for Gold remain inside the 1,242 to 1,248 zone the following trade set-up is recommended:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position @ 1,244
Take Profit Zone: 1,306 – 1,312
Stop Loss Level: 1,225
Should price action for Gold breakout above 1,248 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: 1,306 – 1,312
Stop Loss Level: 1,225
Should price action for Gold breakdown below 1,242 the following trade set-up is recommended:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position @ 1,239
Take Profit Zone: 1,206 – 1,210
Stop Loss Level: 1,226

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