Selling exhaustion in precious metals could be imminent, barring a debt-ceiling catastrophe – TDS
|Gold and Silver prices are staging an impressive pullback. But strategists at TD Securities see timing selling exhaustion in precious metals.
Gold positioning set-up remains inconsistent with a cycle peak
“Without an additional macro catalyst, our positioning analytics highlight that selling exhaustion in precious metals could be imminent, barring a debt-ceiling catastrophe.”
“Gold prices are near all-time highs, but the positioning set-up remains inconsistent with a cycle peak.”
See – Gold Price Forecast: Dispute over US debt ceiling likely to shore up XAU/USD – Commerzbank
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