FX.co ★ Analysis of Gold for February 24,.2021 - Breakout of the rising channel and potential for test of $7.465

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....