Obchodní podmínky
Nástroje
Prior +10.7%
Broad money growth eases slightly towards the end of last year but remains rather elevated as China continues to maintain a healthy supply of credit in order to try and bolster the economy amid the virus crisis.
The total new yuan loans for the year came in at a record total of £19.6 trillion, so that pretty much shows how much of a priority the recovery is relative to deleveraging efforts.
Further Deveopment
Analyzing the current trading chart of Gold, I found that there is potential for the ABC correction to complete and further downside movement to continue.
My advice is to watch for selling opportunities with the downside targets at $1,832 and $1,817.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Natural Gas and Platinum today and on the bottom Ethanol and Canola.
Key Levels:
Resistance: $1,865-$1,870
Support levels: $1,832 and $1,817
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