In this video we look at the short, medium, and long-term outlook for the gold price. Specifically, the video walks through a couple of slides of a recent edition of the Weekly Macro Themes report. In the video we talk through the short-term dynamics in sentiment and technicals, the line in the sand, and where the gold price is likely to move short-term... and what to watch for in a potential trend change. This is then lined up with the medium-long term implications of the fundamental backdrop: i.e. monetary policy trends, real yield outlook, and the real gold price vs its long term average. The gist is that the medium-long term outlook has a bearish bias given the headwinds from monetary policy and expected normalization or mean reversion in real yields. We wrap up with a discussion on how the short-term swings in sentiment and technicals coalesce with the fundamental backdrop and what might change the view on the outlook for the gold price.
Be sure to subscribe to the Topdown Charts YouTube channel: https://www.youtube.com/channel/UCtZDzcHrtCDpCWeVid1qSRQ
Follow us on: