Gold Price Forecast: XAU/USD is expected to rally further – Credit Suisse
Gold Price Forecast: XAU/USD is expected to rally further – Credit Suisse|
Os Tuesday, Gold XAU/USD registered its highest daily close since April. Strategists at Credit Suisse expect the yellow metal to enjoy further gains.
Initial support aligns at $1,897
“Gold is expected to extend its rally to resistance next at the 78.6% retracement of the 2022 fall and April 2022 high of $1,973/98, with a fresh cap expected here.”
“Only above the $,2070/75 record highs of 2020 and 2022 …