In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see the Gold market is at solid support.
Towards the end of last Summer, we saw a prolonged period of consolidation followed by bullish price action in Gold. That price action recently topped out around the €1,346 level before experiencing a strong pull back to €1,281. This is a strong level of support historically, but also is the lower band of our bullish channel.
As a result, if we get a break above yesterday’s daily high of €1,290 then it would represent a high probability trade to the upside.
The Gold Market Is at Solid Support – Full Video Analysis
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