Note

Gold Price Forecast: XAUUSD could remain range-bound near $1,850 as summer trading begins – TDS

· Views 34

Have we entered into summer trading? Gold prices are anchored to the $1,850 range and strategists at TD Securities expect the yellow metal to trade close to this level.

Summer trading has officially begun

“XAU/USD is anchored to the $1,850 range, which previously housed substantial open interest in options markets, while quantitative tightening has begun and the market has discounted the Fed's aggressive path of rate hikes on the horizon.”

“Summer trading has officially begun, which suggests prices could remain range-bound near $1,850, but the set-up remains for additional liquidations on the horizon.”

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.