In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we advise you to have a look at Gold and FTSE.
Regarding Gold, this market has been in a mini bull trend over the last few months. However, over the last few trading days, we have experienced a pullback to a strong level of support, namely, the 1303 price point. This, coupled with a bit of bullish price action in yesterday’s trading, gives us a good opportunity if this market breaks yesterday’s high of 1311.85.
The other market is the FTSE market. In this market, we have recently bounced off a strong level of resistance. This was around the 7184 level and is now looking to push lower. If this market breaks below yesterday’s low of 7088, we can anticipate continuation lower and potentially give us a good opportunity.
Have a Look at Gold and FTSE – Full Video Analysis
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