FX.co ★ Evening review on July 27, 2020

Gold, monthly chart.

As observed, the gold rewrote it's 2011 high. Those who managed to hold purchases up to this moment, great fellows, but now is a good time to take profit and buy with a reduced volume from a strong pullback of at least a daily scale.

The situation with the EURUSD is the same. Whoever holds purchases are brilliant. However, of course this will have to end soon and if you do not fix it now, then tighten the stops. Although they can be removed so why lose part of the profit?

The goals of the movement have been fulfilled so far.

You should consider purchases upon a strong downward pullback.