Market news
20.05.2022, 13:19

Gold Price Analysis: XAUUSD faces a high bar to maintain the recovery – TDS

Weaker economic data has provided a much-needed jolt to the yellow metal. Nevertheless, strategists at TD Securities still expect gold to struggle to post further gains.

The path of least resistance for gold is still lower

“Yesterday's economic data disappointments have seen the yellow metal hold north of levels that could see CTA funds' recently acquired net-short positions end up being short-lived.” 

“The bounce in prices has brought an end to ETF outflows, ending the streak at ten straight days. But, with downside momentum and the prevailing negative sentiment across precious metals more firmly entrenched, gold may face a high bar to maintain this recovery.” 

“Fed Chair Powell signalled a willingness to sacrifice some economic growth in an effort to tame inflation, suggesting the path of least resistance for gold is still lower.”


© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location