Gold Price Forecast: XAU/USD to retest record highs on a close above 55-DMA at $1,962 – Credit Suisse Gold XAUUSD Technical Analysis Banks
Gold is showing signs of stabilization as looked for at our target of price support and the 38.2% retracement of the 2022/2023 uptrend at $1,900/1,890. With the key rising 200-DMA seen not far below at $1,868 and with the USD starting to weaken again, our bias remains for a major floor to be found here.
A weekly close below $1,868 though would be seen to reinforce the longer-term sideways range, and a fall to support next at $1,810/05.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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