FXStreet reports that the Credit Suisse analyst team suggests that gold may be forming a larger bullish continuation pattern.

“Key now is the July and August highs at $1832/34, a break above which is needed to suggest a base has been in place to keep the immediate risk higher for $1871, then $1917. Above this latter level would suggest a more important and large bullish continuation pattern has been completed to expose the $2075 high.”

“Only below $1671 though would mark a major top to mark an important change of trend lower.”