FX.co - Analysis of Gold for February 25,.2021 - Sellers in control and potential for test of $1.765

2021-02-25T12:34:28

Relevance until2021-02-26

Analysis of Gold for February 25,.2021 - Sellers in control and potential for test of $1.765

ECB's Lane: ECB is closely monitoring the evolution of long-term nominal bond yields

emarks by ECB chief economist, Philip Lane

We will need to provide ample monetary accommodation for an extended period

It didn't work with Lagarde earlier in the week, it isn't going to work here. As long as Treasuries continue to steepen, European bond yields will also face a similar phenomenon.

At the highs today, 10-year bund yields reached its highest level since June last year:

Further Development

Analysis of Gold for February 25,.2021 - Sellers in control and potential for test of $1.765

Analyzing the current trading chart of Gold, I found that the sellers are in control and the price is heading towards our main downside target at $1,765.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Gold #Commodity

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ Analysis of Gold for February 25,.2021 - Sellers in control and potential for test of $1.765

Forex Analysis

Analysis of Gold for February 25,.2021 - Sellers in control and potential for test of $1.765

emarks by ECB chief economist, Philip Lane