empty
 
 
25.02.2021 02:34 PM
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

This image is no longer relevant

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.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback