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

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Technical Analysis

A note sent on 26 October titled <a href="https://www.smartkarma.com/insights/the-renewed-case-for-gold" target="_blank" data-smartkarma-citation="insights:59584" rel="noopener">The Renewed Case for Gold</a> concluded with the following:“The price action on Gold itself is looking increasingly bullish. Watch the $1,834 level closely as a close above there would be a serious development given we have failed there on numerous occasions this year. The more important medium term level is $1,916.”That remains the case as we finished last week at $1,817. So why is this note titled “Have you seen the break on Gold?”. The answer lies in how one measures the Gold price. It can be measured against any currency (usually the USD) and better still, if we want a proper picture, it can be measured against a basket of currencies which is what the first chart below does. This is where we see the bullish break …

A note sent on 26 October titled The Renewed Case for Gold concluded with the following:“The price action on Gold itself is looking increasingly bullish. Watch the $1,834 level closely as a close above there would be a serious development given we have failed there on numerous occasions this year. The more important medium term level is $1,916.”That remains the case as we finished last week at $1,817. So why is this note titled “Have you seen the break on Gold?”. The answer lies in how one measures the Gold price. It can be measured against any currency (usually the USD) and better still, if we want a proper picture, it can be measured against a basket of currencies which is what the first chart below does. This is where we see the bullish break …

Gold

Have You Seen the Break in Gold?