Analysis of Gold for February 24,.2021 – Breakout of the rising channel and potential for test of $7.465
February 24, 2021 2:21 pm
BOJ’s Kuroda: ETF purchases not significantly crippling market functions
Further remarks by Kuroda
Does not think ETF purchases cause serious corporate governance problems
Aware of the view that ETF purchases may lead to decline in stock market function
He also adds that they are not targeting any specific levels with their ETF purchases but as long as they keep with the buying, it just means current levels are not enough
Further Development
Analyzing the current trading chart of Gold , I found that the buyers don’t have enough power for anything bigger and that sellers might use that condition for their short positions.
My advice is to watch for selling opportunities using the intraday charts….
The material has been provided by InstaForex Company – www.instaforex.com
Further remarks by Kuroda
He also adds that they are not targeting any specific levels with their ETF purchases but as long as they keep with the buying, it just means current levels are not enough
Further Development
Analyzing the current trading chart of Gold , I found that the buyers don’t have enough power for anything bigger and that sellers might use that condition for their short positions.
My advice is to watch for selling opportunities using the intraday charts….
The material has been provided by InstaForex Company – www.instaforex.com
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