Correlation of Euro and gold | 03 1月 2020

03 1月 2020, EUR/USD

Correlation of Euro and gold

EURUSD trading plan:

We are expecting an uptrend to develop. A bullish rally in the gold market will have a positive impact on the value of the Euro. Gold prices rose to their highest in more than three months. The precious metal has risen some 2% against the dollar since the Christmas break. Global monetary policy easing, the fundamental factor that most supported prices last year, made its first appearance of the year overnight as China’s central bank cut its reserve requirement ratio for banks, freeing up $115 billion in liquidity.

Trading recommendation: Buy 1.1150 and take profit 1.1198.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus