- Analytics
- News and Tools
- Market News
- Gold Price Forecast: Liquidation vacuum is the playbook in XAUUSD – TDS
Gold Price Forecast: Liquidation vacuum is the playbook in XAUUSD – TDS
Gold Price is back in the red, falling for the second straight day. A hawkish Federal Reserve (Fed) is set to weigh on the yellow metal, with little demand for gold ahead, economists at TD Securities report.
The world is chasing the same Fed narrative
“Quantitative tightening is going to sap liquidity at a fast clip, while the Fed hikes into slowing growth – and everyone knows it. This leaves positioning analytics as a critical source of information for price action in the coming months.”
“Trend followers have completed their buying program and still remain long, which argues for additional downside on the horizon as momentum persists to the downside, with the macro narrative sapping investment demand for gold.”
“Without conviction that the Fed could blink, there are few participants remaining to buy gold, which still leaves a liquidation vacuum as the playbook in gold.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
