Saturday, September 11, 2021


XAU/USD to hit $1871 on erosion of August highs at $1834 – Credit score Suisse

Gold stays capped at its July/August highs at $1832/34. Solely above right here would see a small base to open…

By Staff , in Gold , at September 9, 2021


Gold stays capped at its July/August highs at $1832/34. Solely above right here would see a small base to open the trail in direction of the $1871 mark, strategists at Credit score Suisse report.

See – Gold Worth Forecast: XAU/USD to edge larger in direction of $1900 – ANZ

Solely under $1671 would mark an vital change of development decrease

“Gold energy has stalled on the July and August highs at $1832/34. Solely a break above right here can be seen to finish an in-range base to clear the best way for a deeper restoration to $1871, then $1917.” 

“Under $1775 is required to ease the speedy upward bias for a fall again to $1691.” 

“Solely under $1671 although would mark a significant prime to mark an vital change of development decrease with help then seen at $1620/15 initially, then $1565/60.”

 



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