In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we look at a good Opportunity in Gold to follow.
Yesterday’s FOMC seemed to support the markets from a risk on perspective. As a result, we might see some more selling in the safe havens including the Gold market. So if we take that logic and apply it technically to the Gold chart then we can see the recent double top around $1555. This is followed by the pullback to $1485.
Since then, we have seen this market fail to the upside and to the downside. If price does break out below yesterday’s low of $1483 then we can expect further selling which we would like to take advantage of.
Good Opportunity in Gold to Follow – Full Video Analysis
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