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May 17 - 12:55 PM

We Are Going Long Gold Targeting $2150/oz - TD

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


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