Gold Price Forecast: The door for some downside in XAU/USD may be finally opening up – TDS
|Gold price hangs near daily low. Economists at TD Securities analyze the yellow metal’s outlook.
Is it time to come to the dark side?
The door for some downside in Gold prices may be finally opening up, as our advanced positioning analytics suggest that upside flows have now peaked.
We now estimate that without a decisive break north of $2,000, trend follower buying activity will likely grind to a halt.
A meaningful deterioration in US data may increasingly create headwinds for the bears, but the scope for tactical downside is growing nonetheless.
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.