Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Shyam Devani provides key market commentary encompassing analysis of Foreign Exchange, Fixed Income, Commodities, and Equities globally – both in G10 and Local Markets. He takes a multi asset class approach incorporating fundamental, behavioural, and historical trends as well as technical signals.

Shyam has delivered strategic market insights to a number of trading desks and institutional clients internationally (funds/corporates/banks) through written publications, presentations, face to face meetings and conferences. He has had numerous appearances on CNBC, Bloomberg, and Singapore Radio providing his short and medium term views on markets while being the front office media commentator during his time at Citi.

He has been commentating on financial markets since 2004. Since 2006, he was running one of Citi’s top market products, CitiFXTechnicals, initially in London followed by Singapore where he took a lead role in enhancing the coverage of markets in Asia.

Founder & Chief Market Strategist - SAV Markets

Technical Analysis

This note follows an earlier one that highlighted the sell zone in Gold between $1,790-$1,823When measured again at the 4 major fiat currencies on an equally weighted basis – USD, EUR, CNY, JPY – we now see that price action on Gold is losing momentum and that the market is at risk of turning down.

This note follows an earlier one that highlighted the sell zone in Gold between $1,790-$1,823When measured again at the 4 major fiat currencies on an equally weighted basis – USD, EUR, CNY, JPY – we now see that price action on Gold is losing momentum and that the market is at risk of turning down.

Gold

Gold Bounce Running Out of Steam