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- Gold to find solid support at $1840 – Credit Suisse
Gold to find solid support at $1840 – Credit Suisse
FXStreet reports that economists at Credit Suisse discuss gold prospects.
“Gold approaches the FOMC still above its 200-day average, now at $1840. We stay biased higher and look for this to continue to hold for a move to resistance seen at the high for the year, November 2020 high and potential trend resistance at $1941/66.”
“Whilst we would expect $1943/66 to cap again for now to maintain the broader consolidation range, an eventual break should open the door to a move back to the $2075 record high.”
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