Gold Price Forecast: XAU/USD eyes a consolidate phase as 200DMA caps – Credit Suisse Gold XAUUSD Banks
Gold remains capped by the 200-Day Moving Average at $1,797. Strategists at Credit Suisse expect a consolidation phase to emerge from here.“Gold holds a minor base but remains capped so far by the crucial 200DMA, currently seen at $1,797 and we expect a consolidation to emerge from here.”
“Above the 200DMA at $1,797 is needed to open the door to a more meaningful recovery for a rise toward the $1,877 June high.”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. You should do your own thorough research before making any investment decisions.
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