Trading Plan – Monday 27th July 2020: EUR and GOLD continue to soar

Mark NugentJuly 2020, Trading Plan

Trading Plan – Monday 27th July 2020: EUR and GOLD continue to soar

It was clear at 1am this morning when I went to bed that last week’s significant moves in EUR and GOLD pricing were continuing. The reasons behind these moves, which I have covered extensively, are solid and will almost certainly endure.

This week we have the Fed on Wednesday. There is a strong expectation that the Fed will be bearish, especially in the light of the Covid-19 numbers going the wrong way in the US. This will likely maintain pressure on the USD, continue to propel GOLD upwards and may, perhaps, even support the massive bubble that is equities.

Last week I traded GOLD long and EURUSD long for a total gain of 14.9%. VIP Club members can find the brief review videos of each trade in the member’s area under the “Trades” tab.

VIP Club members can watch the video HERE