Gold Price Forecast: XAU/USD's downtrend signals are firm – TDS

Trend signals in gold have deteriorated further. As strategists at TD Securities note, the downtrend in gold is still gaining steam.

Gold distrusts Fed pivot

“Trend signals in the yellow metal are pointing to a strengthening downtrend, which clashes against market hopes of a Fed pivot amid cooling inflation.” 

“As long as gold remains below $1,890 before year-end, participants should distrust a regime change in gold prices associated with a pivot in Fed policy.”