- Prior €36.7 billion
Slight delay in the release by the source. Flows in/out of the euro area economy are keeping thereabouts and are still below pre-virus conditions for the time being. Amid tighter restrictions and what not, it will still take time to get back there.
Further Development
Analyzing the current trading chart of Gold, I found that the buyers got exhausted today and the downside roattion would be probably to correct strong upside movement from recent few days.
Based on the 4H time-frame , there is completion of the ABC upside correction and potential for the another downside swing.
Additionally, there is the breakout of the upside channel, which is good confirmation for the downside...
Key Levels:
Resistance: $1,748
Support levels: $1,701 and $1,679
