Gold: Upside signals – TDS

According to analysts at TD Securities, for the precious metals, momentum signals continue to fire upside signals in the yellow metal, as prices hang onto the range warranting a substantial increase in CTA length.

Key Quotes

“We note, however, that while the bar is low for CTAs to abandon their long accumulation, a growing chorus of market observers are arguing for diversifying away from equity market risk following the last three months' monumental rally, which suggests additional interest in gold could re-emerge.”