Prior decision
Deposit facility rate -0.50% Main refinancing rate 0.00% Marginal lending facility 0.25% Extends window for lowest rate on TLTROs Raise total amount that counterparties will be entitled to borrow in TLTRO operations from 50% to 55% of their stock of eligible loans Extends duration of April collateral easing to June 2022 QE to continue at a pace of €20 billion per month Repo, swap lines with non-euro area central banks extended until March 2022 Policy measures taken today will contribute to preserving favourable financing conditions over the pandemic period Uncertainty remains high, including with regard to the dynamics of the pandemic and timing of vaccine rolloutsFurther Development
Analyzing the current trading Gold, I found that there is strong reaction of the lows at $1,824, which is good sign for further upside movement.
Watch only for long opportunities on the pullbacks with the potential targets at $1,874 and $1,896.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Lumber today and on the bottom VIX and GBP.
Key levels:
Resistance: $1,874 and $1,896
Support level: $1,824