Daily Alert – Wednesday 5th August 2020: GOLD hits new all-time high

Mark Nugent Aug 2020, Daily Alert

Daily Alert – Wednesday 5th August 2020: GOLD hits new all-time high

The desire for GOLD remains unsated. The precious metal broke through the USD2000/oz level yesterday and continues upwards. Equities are grinding up as well, but sentiment is hardly risk-on, so I am not comfortable trading these instruments. 

Currencies are sorting themselves out – the JPY is moving consistently in one direction and the commodity currencies in the other. Just as they are supposed to. 

I hope you are making some pips or points. 

VIP Club members can watch the video HERE