Gold Price Prediction – Prices Consolidate Following ECB Decision

Gold Price Prediction – Prices Consolidate Following ECB Decision

Gold prices edged higher on Thursday but remain below key resistance levels. The yellow metal was able to remain buoyed as the dollar dropped and the Euro rallied following the ECB decision. The key item was Lagarde arguing to the market that a decision to slow the pace of asset buying under the institution’s pandemic emergency program didn’t amount to tapering.

Tecnical analysis