Gold (XAU/USD) has been capped for now at $1755/65 to maintain its immediate downside bias, the Credit Suisse analyst team reports. See – Gold Price Analysis: XAU/USD needs a catalyst to unlock a breakout – DBS Bank XAU/USD to recover once above $1765 “Gold strength has been capped, for now at least, below resistance at $1755/65 and whilst below here the outlook will stay seen lower for a retest of key support at $1682/71 – the 38.2% retracement of the entire 2015/2020 bull market and the recent and June 2020 lows. An eventual break in due course can see support next at $1620/15 and ultimately the ‘measured top objective’ and 50% retracement at $1564/61.” “Above $1765 though would instead see a near-term base established for a deeper recovery to $1855/75, but with a fresh cap looked for here.” 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 EUR/USD: Resistance at 1.1990/92 to cap the rally – Credit Suisse FX Street 2 years Gold (XAU/USD) has been capped for now at $1755/65 to maintain its immediate downside bias, the Credit Suisse analyst team reports. See - Gold Price Analysis: XAU/USD needs a catalyst to unlock a breakout - DBS Bank XAU/USD to recover once above $1765 "Gold strength has been capped, for now at least, below resistance at $1755/65 and whilst below here the outlook will stay seen lower for a retest of key support at $1682/71 - the 38.2% retracement of the entire 2015/2020 bull market and the recent and June 2020 lows. An eventual break in due course can… 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.
