Yingxi Yu
Yingxi Yu
continue near overall potential upside weakness
After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.
looking people rally risky short strong technical trends
Technical trends are looking very strong and people find it very risky to go short right now. I think that's why the rally has been continuing.
amount buying current environment fund interests price supportive
I think the current environment is very supportive for gold. There is still a considerable amount of fund buying interests on price dips.
adding backdrop dollar key supportive theme weak
A weak dollar has been the key supportive theme recently, while the surrounding geopolitical backdrop is adding to the support.
associated negative stigma
There is still a negative stigma associated with hedging.
across days dollar few fresh holding impetus past positions sentiment weakness
There is no market-specific impetus for fresh long positions to be established at present. Sentiment has been weakened by weakness across commodities over the past few days and the dollar is holding up well.
either expect fresh gold lack mood move near remain trigger
With a lack of fresh catalysts to trigger a significant move in either direction, we expect gold to remain in its consolidation mood over the near term.
appears downside further generally market near potential pressure supported unlikely violent weakness
We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.
bring factors near positive prices top
We see some positive factors that could potentially bring prices near the top of this range.
broader further likely prices remain rule volatile weakness
We will not rule out the possibility of further weakness and prices are likely to remain volatile in a broader range.
below group metals platinum recent remain
The platinum group metals remain well below their recent peaks.
ahead conditions expect holiday market mood price remain spark thin though trading weekend
We expect the market to remain in consolidation mood for now, though thin trading conditions ahead of the long holiday weekend could well spark big price movements.
base believe built either fund interest investors leaving moves price silver vulnerable
We believe that the fund interest in silver is built upon a much narrower base of investors than gold, leaving it more vulnerable to big price moves in either direction.
continue critically decide hinges investors rally stay whether
Whether or not the rally can continue hinges critically on how long investors decide to stay in the market.