Gold Price Forecast: XAU/USD ideally continues to hold key support at $1,898/$1,893 – Credit Suisse Gold XAUUSD Technical Analysis Banks
weakness has extended back to key support at $1,898/1,893 but strategists at Credit Suisse continue to look for a floor here.We look for key support and the 38.2% retracement of the 2022/2023 uptrend, 200-DMA and June low at $1,900/$1,891 to hold again and we maintain our long-held view for a major floor here and for an eventual retest of major resistance at the $2,063/$2,075 record highs to be seen.
A weekly close below $1,893 though would be seen to reinforce the longer-term sideways range, and a fall to support next at $1,810/$1,805.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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