Spot Gold resumes its bulltrend as expected and strategists at Credit-Suisse continue to lookfor eventual new life time record highs.
“Gold has quickly resumed its uptrend for a move above its ‘measured base objective’ at $1703 key level as expected and our core forecast stays bullish following the completion of a multiyear base in 2019.”
Spot Gold Resistance level at $1,772/1,805.
We continue to look for new highs above $1927 level. Below key price support at $1453/46 is needed to change this view as this would mark a top, turning the risk lower as well as ending our long-held bullish forecast.”