Gold Price Forecast: XAUUSD still points to the downside while below 200DMA at $1,803 – Credit Suisse Gold XAUUSD Banks
“Gold has rebounded further and is now hovering solidly above the 55DMA at $1,680, hence questioning the validity of the large ‘double top’.”
“The 200DMA, currently seen at $1,803, is expected to cap further upside for now. However, above would open the door for a potential rise toward the $1,877 June high next.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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