Yingxi Yu
Yingxi Yu
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.
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.
again few given high likely market past prices testing trading
Given the way the market has been trading over the past few days, we are very likely to see prices testing another 25-year high again this week.
cannot conditions days few likely market nervous next quite remain ruled weakness
The market conditions are likely to remain quite nervous over the next few days and near-term weakness in the TOCOM market cannot be ruled out.
correction feature healthy largely last late major market rising since sort taken
The market has been rising without any major correction since late last year. This sort of correction was largely anticipated and it could be taken by some as a healthy feature to the market.
appears downside factors further gains gold limited market pointing quite short
The downside appears quite limited at present...There are factors pointing to further gains in the gold market in the short term.
above gains impressive platinum recent rising seen strongly
Impressive gains are seen in platinum and palladium, which are rising strongly above their recent ranges.
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.
associated negative stigma
There is still a negative stigma associated with hedging.
bring factors near positive prices top
We see some positive factors that could potentially bring prices near the top of this range.
among community drive due early enthusiasm last late prices weaker year
The weaker (gold-dollar) correlation late last year and early this year was due to the overwhelming enthusiasm among the speculative community to drive prices higher.
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.
aggressive dip fund further looking people positive price quite remains selling sentiment strong supported
Any price dip has been quite well supported by fund buying, and aggressive selling has been discouraged. The positive sentiment remains very strong and people are looking for further price gains.
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.