According to experts, gold maintains its consolidation below $ 1,832 and $ 1,834, the highest levels of July and August. The XAU/USD parity increased over $ 1,780 on Wednesday, but reversed its direction in the second half of the day. Today, although it sees quite close levels for $ 1,790, it changes hands for $ 1,783 during writing. So, what’s next? Is the direction of rise in precious metal predominates? Or is it the direction of fall?
Credit Suisse Strategists: Gold will be under pressure
Although it was traded for $ 1,783 during writing, according to Credit Suisse’s strategists, the yellow metal will be under pressure under only $ 1,691 and $ 1,677. Kriptokoin.comAs we have reported, the strategists of the bank attracted attention to these levels before. According to the strategists of the bank, the gold needs to be exceeded $ 1,834 and $ 1,845 to open a way for a deeper recovery for a deeper recovery for $ 1,917. Strategists use the following statements in their explanations:
Although the downward pressure has increased, only levels below $ 1,691/1.677 will be an important peak for a significant decrease tendency change, and then support is $ 1,620/1.615; Then he will see $ 1,565/1,560. It will be seen that the breakage of the interval completes the base levels to open the way to a deeper recovery of more than 1.834/1.845 dollars.
