- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD vulnerable to a steep consolidation lower – TDS
Gold Price Forecast: XAU/USD vulnerable to a steep consolidation lower – TDS
Barring a grandiose geopolitical regime change, it is likely that Chinese demand will subside towards normal levels. This would leave Gold prices vulnerable to a steep consolidation lower, in the view of strategists at TD Securities.
Massive Chinese buying is unsustainable
“Chinese demand appears unrelenting for the time being, but barring a grandiose geopolitical regime change, we find that it would likely subside towards normal levels in coming months. This would leave Gold prices vulnerable to a steep consolidation lower, given Gold's lack of alternative buyers and its current mispricing relative to its recent historical relationship with real rates.”
“We turn to our tracking of positioning for the top ten Gold traders in China to scour for nascent signs of peaking Chinese demand, which could present a tactical signal for a noteworthy repricing lower.”
© 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
