In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are watching Gold despite NFP and trade talks.
It must be noted that there are ongoing trade talks between the US and China but we also have NFP. These are both markets moving events in their own right.
As a result, we technically like Gold higher off yesterday’s low of 1280.92. This low creates a potential double bottom in a bullish uptrend. This is definitely one to watch but probably only if we see a strong sell-off in the USD as a result of NFP and trade talks developments.
Watching Gold Despite NFP and Trade Talks – Full Video Analysis
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