Thursday, February 24, 2022


XAU/USD to soar in the direction of $2,075 on a break above $1,917/23 – Credit score Suisse

The core pattern for gold appears to be like within the means of turning greater once more, within the view…

By Staff , in Gold , at February 23, 2022


The core pattern for gold appears to be like within the means of turning greater once more, within the view of strategists at Credit score Suisse. A break previous $1,917/23 would open up additional features in the direction of the $2,075 file excessive.

Preliminary assist align at $1,845

“Gold has seen a weekly shut above the $1,877 excessive of November and the highlight turns to the June 2021 excessive and retracement resistance at $1,917/23. Above right here ought to add momentum to the rally to substantiate a base has certainly been established to lift the prospect of a transfer again to the $2,075 file excessive.

“Assist is seen transferring to $1,845 initially, then extra importantly on the 200-day common at $1,809.”

 



Source link

Comments