29 July
TD Securities: an epic trap for gold buyers may be set
It’s reported that the rise in gold has started to slow down. TD Securities economists say the XAUUSD pair could become risky for bulls.
On the one hand, it becomes noticeable that the purchase of gold isn’t as active as before. On the other hand, it would take price consolidation to provoke an outflow.
It’s noted that the period of big losses due to the popularity of precious metals is probably coming to an end. However, at the moment, the risks associated with this asset class still remain. They lie in the fact that macro obstacles still exist, while the previous steady growth of gold attracts many investors.
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