Weekly Markets Monitor

Gold prices are testing a critical technical support at the 200-day moving average of US$4,401/oz amid easing yields and dollar weakness driven by US-Iran diplomatic developments.

Key Takeaways

• 1.Gold has successfully held its 200-day moving average (US$4,401/oz), which acts as a critical technical floor and inflection point.
• 2.Geopolitical optimism regarding a US-Iran deal is cooling inflation concerns and tempering expectations for aggressive Fed tightening, supporting gold prices.
• 3.Global gold ETF outflows persist, particularly in the US and China, though bullish sentiment is rising among option and futures traders.

Table of Contents

• Highlights
• C.O.T.W: Point of inflection
• All about Gold
• The week in review
• The week ahead
• Market movement across global trading sessions
• Bloomberg consensus expectations
• Things to look out for...
• Gold technicals
• Market performance and positioning
• Key Resources
• Gold Return Attribution Model (GRAM)
• Recap of the week
• Gold options volatility overview
• Gold options delta skew
• ETF Options: OI notional by strike
• Future Options: OI notional by strike
• Technical Analysis Glossary

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial