Gold to advance nicely towards the 200-DMA at $1829 - Credit Suisse

Market news

7 July 2021

Gold to advance nicely towards the 200-DMA at $1829 - Credit Suisse

FXStreet notes that gold (XAU/USD) has again held key in-range support at $1765/55. Strategists at Credit Suisse look for a fresh swing higher in the range.

“Gold has again held price support at $1765/55, and we look for strength back to the 200-day average at $1829. A close above here is needed to open the door to a move back to more important resistance at $1940/66.”

“A close below $1755/51 would warn of a retest of more important support at $1682/71.”

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