Gold (XAU/USD) has again held key in-range support at $1765/55. Strategists at Credit Suisse look for a fresh swing higher in the range.
See – Gold Price Forecast: Risk-reward favourable for XAU/USD leading up to August – DBS Bank
XAU/USD to slump on a break below $1755
“Gold has again held price support at $1765/55, and we look for strength back to the 200-day average at $1829. A close above here is needed to open the door to a move back to more important resistance at $1940/66.”
“A close below $1755/51 would warn of a retest of more important support at $1682/71.”
