Gold Value Forecast: XAU/USD to see substantial promoting move on a break under $1,865 – TDS

Strategists at TD Securities don’t anticipate CTA development followers to exacerbate the rally in Gold a lot additional.

Gold costs are overbought

“Gold costs are overbought, however the demand developments underlying its power stay unrelenting.”

“We do not anticipate CTA development followers to additional exacerbate shopping for exercise so long as costs stay under the $1,990 mark. Nevertheless, an in depth under the $1,917 vary may very well be according to marginal algo liquidations, however extra substantial promoting move from development followers would solely be anticipated if costs break under the $1,865 mark.”