Gold: Upside signals – TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, for the precious metals, momentum signals continue to fire upside signals in the yellow metal, as prices hang onto the range warranting a substantial increase in CTA length.

Key Quotes

“We note, however, that while the bar is low for CTAs to abandon their long accumulation, a growing chorus of market observers are arguing for diversifying away from equity market risk following the last three months' monumental rally, which suggests additional interest in gold could re-emerge.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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