GOLD PRICE FORECAST: XAU/USD TO FIND SOLID FLOOR AT THE 200-DMA OF $1,776 – CREDIT SUISSE

avatar
· Views 45


Gold is consolidating around the 55-Day Moving Average (DMA). The long-term 200-DMA, currently seen at $1,776, is expected to floor the yellow metal at the very latest, according to strategists at Credit Suisse.


Move above $1,998 can reassert an upward bias

“Gold has been capped at resistance at $1,973/98 as expected and is now consolidating around the 55-DMA, currently seen at $1,858, but so far managed to remain clearly above the long-term 200-DMA, currently seen at $1,776, which we would expect to floor the precious metal at the very latest.”


“Above $1,998 can reassert an upward bias for a test of long-term resistance from the $2,070/72 record highs of 2020 and 2022.”

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0

Tinggalkan pesan Anda sekarang

  • tradingContest