For a long time, it was said that gold investors were waiting for the Fed announcements on January 25 to take a certain position. Expected statements pushed gold prices back. While gold rose to the level of $ 1,840 an ounce, it first fell below $ 1,800 after Fed Chairman Powell’s speech. It entered today, which is the last trading day of the week, with a loss of $1,800. Meanwhile, the famous financial institution Credit Suisse quoted its precious metal forecasts. cryptocoin.com We are giving the details as…
Credit Suisse expects loss in gold price
Gold rallied over the long term, although XAU/USD took its latest uptrend to two-month highs of $1,854; It slumped to a five-day low below $1,800 after the Fed decision. Strategists at Credit Suisse expect the yellow metal to incur more losses on a break below $1,759/54. According to analysts, it is necessary to break above $ 1,877 to ease Summit fears
Not going below $1,759/54 remains necessary to avoid a pullback from the lower end of the range to $1,691/76. However, if it breaks below this level, support could be at $1,620/15 initially and then at $1,572/61. remains essential to pave the way for a retest of key price and pullback support. However, it is only noted that below this, a large formation has formed to mark an important trend change. Analysts use the following statements for gold:
A break above $1,877 is needed for a top. With a break above $1,917 we should see a more sustained move and potentially a return to the record high of $2,075.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.