Signal Price Gold recommendation for 19-20 june 2014

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