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- Gold set to reach the $1959/66 zone – Credit Suisse
Gold set to reach the $1959/66 zone – Credit Suisse
FXStreet reports that strategists at Credit Suisse discuss gold (XAU/USD) prospects.
“Gold looks to have established itself above its 200-day average, now at $1843 and in an ideal world we see a fresh test and hold of this average to reinforce this as a floor for a move to resistance seen next at the high for the year and November 2020 high at $1959/66.”
“Whilst we would expect a fresh phase of consolidation beneath the $1959/66 region, an eventual break should open the door to a move back to the $2075 record high.”
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