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Gold Price Forecast: XAU/USD to find solid support at $1840 – Credit Suisse

FXStreet.com
 2021-06-16

Cover picture for the articleGold has retreated toward $1,850. According to strategists at Credit Suisse, XAU/USD’s weakness continues to ideally hold its 200-day average at $1840. “Gold approaches the FOMC still above its 200-day average, now at $1840. We stay biased higher and look for this to continue to hold for a move to resistance seen at the high for the year, November 2020 high and potential trend resistance at $1941/66.”

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