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Home Forex

Gold Price Forecast: XAU/USD downtrend is still gaining steam – TDS

by Press Room
August 13, 2022
in Forex
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Gold’s downtrend signals are firm despite the recent short covering rally. Economists at TD Securities expect the yellow metal to remain in a bear market regime.

Gold distrust Fed pivot

“Trend signals in the yellow metal are pointing to a strengthening downtrend, which clash 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.”

 

Read the full article here

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