Gold Price Forecast: XAU/USD on course to retest its $2,070/2075 record highs – Credit Suisse Gold XAUUSD Banks
“A sustained move beyond $1,973/98 stays seen needed to clear the way for a retest of long-term resistance from the $2,070/75 record highs of 2020 and 2022. Whilst this should clearly be respected, a clear and sustained break higher would be seen to open the door to a move to $2,300 next.”
“Ideally, the 55-DMA, currently seen at $1,881 floors the market now. If this breaks, we could see further weakness towards the recent range low at $1,805, before the crucial 200-DMA, currently seen at $1,778, which we would once more expect to provide a floor.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: Pullback from yearly highs continues as Credit Suisse rescue soothes marketsGold price pulls back from its yearly high as global banking jitters pass (for now) and US Treasury yields find a floor, supporting a stronger US Doll
Weiterlesen »
Credit Suisse gold bars, vintage swag for sale after UBS merger dealOther branded merch up for sale included stamps, old letters, and sports bags.
Weiterlesen »
Credit Suisse's gold bars, hats and bags are cropping up in online stores | CNN BusinessHats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours after the 167-year-old bank was saved from collapse by rival UBS.
Weiterlesen »
Bitcoin price soars to 9-month high after Credit Suisse takeover by UBSBitcoin soars to a 9-month high after Credit Suisse takeover fails to calm banking fears
Weiterlesen »
Hedge funds eye opportunities in cut-price Credit Suisse AT1sDistressed debt investors and large hedge funds are buying up Credit Suisse additional tier-1 bonds at rock-bottom prices after they were written down to zero in the Swiss bank's rescue by cross-town rival UBS .
Weiterlesen »
Gold Technical Analysis: Gold Price is Still the StrongestXAU/USD gold futures surpassed the historical psychological resistance barrier of $2000 an ounce.
Weiterlesen »