Correlation between the Euro and gold | 13 Februari 2020

13 Februari 2020, EUR/USD

Correlation between the Euro and gold

EURUSD trading plan:

Good news for the Euro. A bullish rally in the precious metals market will have a positive impact on the value of the Euro. Investors are increasing their long positions on gold. The risk off sentiment could be associated with the renewed coronavirus fears triggered by a big jump in the coronavirus cases in China. Hubei province reported 14,840 new cases earlier today – up significantly from Wednesday's figure of 1638. The caveat, however, is that the number now includes clinically diagnosed patients – those with symptoms, but yet to be tested positive.

Trading recommendation: Buy 1.0850 and take profit 1.0880

In December we have shared a strategy for gold trading, and FreshForex clients have earned 121% from it. This strategy was suitable for trading in December and January.

Now you can test the new strategy, already in January it showed a return of 19% and is suitable for any season.

How to receive the trading strategy?

1) Fund the account on $100 or more from February 4 to February 29, 2020.

2) send e-mail to [email protected] with the account number, funded on $100 or more.

Make a strong strategic move!

David Johnson
Analyst of «FreshForex» company
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