By eFXdata — May 17 - 10:45 AM
TD Research goes tactically long Gold targeting $2150/oz with a stop at $1900/oz.
"We long active gold at $1994/oz, anticipating imminent selling exhaustion in precious metals and rising discretionary interest to support the yellow metal towards new all-time highs," Td notes.
Our positioning analytics argue that selling exhaustion in precious metals could be imminent, barring margin calls associated with a debt-ceiling catastrophe," TD adds.
TD Bank Research/Market Commentary