Correlation between euro and gold | 04 Mei 2020

04 Mei 2020, EUR/USD

Correlation between euro and gold

EURUSD trading plan:

A bullish rally in the precious metals market will have a positive impact on the value of the European currency. Gold was up on the back of heightened U.S.-China tensions over the weekend. U.S. President Donald Trump said raising tariffs on China is “certainly an option” as he accused China of mishandling the spread of the COVID-19 pandemic. U.S. Secretary of State Mike Pompeo umped into the fray, saying overnight that there was “a significant amount of evidence” that the COVID-19 virus originated in a Chinese laboratory but did not elaborate on what the evidence was. Geopolitical tensions are forcing investors to increase their positions in the precious metals market.

Trading recommendation: Buy 1.0925 and take profit 1.0980

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.