FXStreet reports that according to strategists at Credit Suisse, gold consolidation extends as expected, but with new highs eventually expected, .

“Gold extends its consolidation/correction following the move to our base case objective of $2075/80 in August, but is still holding flagged support at $1837, the 38.2% retracement of the rally from March. We look for this to continue to hold to maintain the sideways range ahead of a break above $1993 for a fresh look at $2075.” 

“An eventual move above $2075 stays looked for a resumption of the core bull trend with  resistance seen next at $2175, then $2300, although we continue to believe this will not be seen until next year.”