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Gold traders cautiously optimistic ahead of ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold has found some support from a slightly weaker US dollar and equity markets, though it remains to be seen how these assets will behave during and after the ECB’s press conference on Thursday. The EUR/USD could fall sharply if Mario Draghi talks up the possibility of expanding the size and duration of its asset purchases programme. This scenario should be good news for stocks and the dollar, and bad for the buck-denominated gold. On the other hand, if Mr Draghi dismisses the prospects of

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