Gold Price Forecast: XAU/USD sellers are lurkingility – TDS Gold XAUUSD Banks
is keeping the corrective momentum intact, as it remains below the $1,800 mark. In the view of strategists at TD Securities, gold’s price action may be revealing substantial selling interest. “Gold's failure to break north of a key threshold for substantial short covering from CTA trend followers amid a miss in the highly anticipated US inflation data may be pointing to significant selling interest.
“The bar for additional CTA purchases continues to rise – prices now need to break north of $1,830 to catalyze a buying program from trend followers.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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