Daily Alert – Wednesday 8th July 2020: Covid concerns finally hit sentiment; GOLD rising

Mark Nugent Daily Alert, July 2020

Daily Alert – Wednesday 8th July 2020: Covid concerns finally hit sentiment; GOLD rising

Finally, the markets’ bullishness has been tempered in the face of endless bad Covid news coming out of the US and Australia. There is very little price movement in equities and forex, but GOLD broke out through resistance on Monday and has been rising since. On Monday night I went long with a pending order at the daily high (that’s the top of the wick on the Daily chart) and so far it’s over three times risk in the money.

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