Gold prices are traded for a decrease and are priced over $ 1,800. The gold market, which has not been able to meet expectations recently, has melted hopes. So will gold prices gaining acceleration again? As Kriptokoin.com, Analyst has compiled for you together…
Credit Suisse Strategists: Gold prices may fall to these levels
Gold prices remain constant in the narrow range. However, at the highest levels of July/August, it is limited to $ 1,832/34. Credit Suisse strategists reported that a break below $ 1,775 would lead to a further decline. Credit Suisse strategists made the following comments:
Only a break above $ 1,834 can pave the way for a deeper recovery. Gold extends its consolidation at $ 1.832/34 below the highest levels of July and August. A negative prejudice may occur again to fall below $ 1,775 to $ 1,691. There may be a significant decrease change under only $ 1,671. Support is then initially seen at $ 1,620/15, before $ 1,565/60. It will be seen that a breaking over only $ 1,834 has completed the on -the -range base to open the way to a deeper recovery for $ 1,863, then to $ 1,917.
Anıl Panchal: Gold can challenge these levels!
The price of gold is the scene of mixed trade sessions. While the current market environment kept investors far from being clear, Anıl Panchal evaluated gold prices. Anıl Panchal analyzed the markets and made the following comments:
Although it has surpassed a transaction range between $ 1,782 and $ 1,804, gold prices could not provide a day closing beyond the 200-DMA level of around $ 1,809. In addition, the golden receiver has a dual peaks surrounding $ 1,834 as well as the lifeless Macd and RSI conditions. Meanwhile, 61.8 %Fibonacci correction of the July-August decrease has contributed to downward filters, except for multiple low levels of $ 1,777, recently $ 1,777. It is worth observing that horizontal support of approximately $ 1,758 for five weeks will challenge golden bears below $ 1,777. In general, gold continues to be more tight, but it has to cross the 200-DMA to check the bulls.
