XAUEUR LONG
Due to the weaker economy the ECB has to make a bigger move on prices. I expect a larger QE to come till the end of the year. I expect a weaker EUR in general
In addition, a "brexit" would increase the interest in GOLD in the eurozone.
In addition, a "brexit" would increase the interest in GOLD in the eurozone.
Note
On the way up.Note
Well, due to brexit it was a nice trade.Note
It doesn´t matter what happens today. If the ECB decreases interest rates or the rates for deposit facility rate, investors and Banks need to get their Money safe.
If the ECB does nothing, it is even worth for markets so GOLD will come up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.