Gold - "downside should be fairly contained" - $1300 the level to watch

Author: Eamonn Sheridan | Category: News

One for the gold people out there, a quick view via TD on the nmetal.

TD say pricing for the Federal Reserve is getting "extremely dovish", 
  • mix in CTA buying
  • and the better appetite for risk following Mexico spared further tariff impost 
Says any downside should be fairly contained. TD watching 1300 USD:
  • the recently accumulated CTA length in gold remains safe above $1300/oz
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