In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we notice traders piling onto Gold next as a potential market to exploit.
It has been a particularly explosive and volatile day in the markets yesterday. Fears are being played out due to ongoing trade concerns between the US and China. There is also uncertainty over the Brexit deal passing through parliament. Additionally, the potential for the Fed to become a bit more dovish with regards to raising interest rate next year.
All of these events, plus more, create uncertainty and one of the markets that benefits from uncertainty is the Gold market. Technically speaking, we are very close to breaking above a significant structural high of 1243.40. This is the level which gives us a high probability opportunity to take this market to the upside at this time, but only if price breaks above this level and not before.
Traders Piling onto Gold Next – Full Video Analysis
Take your trading to the next level with our 14 Day, No Obligation, Free Trial. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!
