Gold has achieved the ‘measured base objective’ at $1700/05, but analysts at Credit Suisse stay bullish on the yellow metal. Key quotes “Gold has seen an exact move to our long-held ‘measured base objective’ at $1700/05. Whilst we suspect further consolidation can emerge here, as we have repeatedly highlighted our core outlook stays bullish and we look for a move above $1705 in due course, with resistance next at $1796.” “Big picture, we continue to look for new highs. Below key price support at $1453/46 is needed to change this view as this would mark a top, turning the risk lower as well as ending our long-held bullish outlook.” “Extreme long positioning in gold is starting to unwind, which we see as constructive for our bullish view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: Road to $8,000 is clear – Bitcoin confluence FX Street 2 years Gold has achieved the ‘measured base objective’ at $1700/05, but analysts at Credit Suisse stay bullish on the yellow metal. Key quotes “Gold has seen an exact move to our long-held ‘measured base objective’ at $1700/05. Whilst we suspect further consolidation can emerge here, as we have repeatedly highlighted our core outlook stays bullish and we look for a move above $1705 in due course, with resistance next at $1796.” “Big picture, we continue to look for new highs. Below key price support at $1453/46 is needed to change this view as this would mark a top, turning the risk… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
