More hints from Lane that the re-calibration will focus on those programs
- Important not to infer that ECB only looking at PEPP and TLTRO
- Says not growing more worried about inflation tdue to recent negative readings, big drops this year will partly reverse
- Vaccine reduces chance of more severe economic scenario
- Aims to keep financing conditions “where they are these days”
Analyzing the current trading chart of Gold, I found that the buyers are in control today on the Gold market and that there is still chance for upside movement towards $1,850 (strong pivot level)
My advice is to watch for buying opportunities on the dips with potential upside target at the price of $1,850.
Stochastic oscillator on the 4H time-frame is overbought and you should probably wait for the correction and then buying opportunities…
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Natural Gas and Platinum today and on the bottom Ethanol and Cocoa.
Support levels: $1,816 and $1,765
The material has been provided by InstaForex Company – www.instaforex.com
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