In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we see that Gold is finally breaking higher.
This is significant for a couple of reasons. Firstly, from a technical perspective, this market has been consolidating for over 2 months. Now, we are just beginning to break out from that consolidation. Also, it is important to note that from a fundamental perspective, the reason why Gold is pushing higher at this point is possibly due to the growing anxiety about the risk factors associated with the reopening of economies.
Will we begin to see a second wave of the coronavirus and, if so, what does that mean in real terms for the business world? During times of uncertainty like these Gold often outperforms and it looks like that may be happening again.
Gold Is Finally Breaking Higher – Full Video Analysis
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