Yingxi Yu Near Quotations

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.

We see some positive factors that could potentially bring prices near the top of this range.

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.

After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.