XAUUSD @ 7.00 -imp levels: Gold Price Forecast: ‘s downtrend signals are firm – TDS

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XAUUSD @ 7.00 -imp levels: Gold Price Forecast: ‘s downtrend signals are firm – TDS


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    Trend signals in gold have deteriorated further. As strategists at TD Securities note, the downtrend in gold is still gaining steam.

    “Trend signals in the yellow metal are pointing to a strengthening downtrend, which clashes against market hopes of a Fed pivot amid cooling inflation.”

    “As long as gold remains below $1,890 before year-end, participants should distrust a regime change in gold prices associated with a pivot in Fed policy.”

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