Gold Price Forecast: XAU/USD to advance nicely towards the 200-DMA at $1829 – Credit Suisse

FXStreet Insights Team FXStreet

Gold (XAU/USD) has again held key in-range support at $1765/55. Strategists at Credit Suisse look for a fresh swing higher in the range.

See – Gold Price Forecast: Risk-reward favourable for XAU/USD leading up to August – DBS Bank

XAU/USD to slump on a break below $1755

“Gold has again held price support at $1765/55, and we look for strength back to the 200-day average at $1829. A close above here is needed to open the door to a move back to more important resistance at $1940/66.”

“A close below $1755/51 would warn of a retest of more important support at $1682/71.”

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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