Gold set to reach the 200-DMA at $1827 - Credit Suisse

Market news

14 July 2021

Gold set to reach the 200-DMA at $1827 - Credit Suisse

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

“Gold is edging its way higher after holding key inrange price support at $1765/55, and we look for strength back to the 200-day average at $1827. A close above here is needed to open the door to a move back to more important resistance at $1917/66.”

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