FXStreet reports that strategists at Credit Suisse expect the yellow metal to stall its recovery at the $1808/1834 resistance zone.

“Strength now faces a test of a cluster of resistances including its 55 and 200-day averages and July and August highs at $1808/1834 and we expect this to cap the rebound and for the risk to lower again in the broader range. Only below $1671 though would mark a major top to mark an important change of trend lower. We would then see support at $1620/15 initially, then $1565/60.”