FXStreet reports that gold (XAU/USD) remains entrenched in its range, but is capped at its July/August highs at $1832/34. Strategists at Credit Suisse suggest that a break below $1775 would lead to further falls.

“Gold extends its consolidation beneath the July and August highs at $1832/34. Below $1775 can reassert a negative bias again for a fall back to $1691.”

“Only a break above $1834 would be seen to complete an in-range base to clear the way for a deeper recovery to $1863, then $1917.”