Gold Price Forecast: XAU/USD set to reach the 200-DMA at $1827 – Credit Suisse

Gold (XAU/USD) remains above key in-range support at $1765/55. Strategists at Credit Suisse look for a fresh swing higher in the range.

XAU/USD to drop towards $1682/1 on a break below $1755/51

“Gold is edging its way higher after holding key inrange price support at $1765/55, and we look for strength back to the 200-day average at $1827. A close above here is needed to open the door to a move back to more important resistance at $1917/66.”

“A close below $1755/51 would warn of a retest of more important support at $1682/71.”