Golden prices in yellow fell overnight. Although it went above $1,800 on Monday and continues to trade at $1,790, the next day, it started Wednesday below that level. At the time of writing, the price of gold is trading at $ 1,786 an ounce. Grams are at the level of 545 liras. Credit Suisse analisdollarseries, on the other hand, expects further declines in the precious metal. Cryptocoin. com, we have compiled the analysis of the famous bank for you…
Credit Suisse: Gold 1.565-1. It will collapse towards the $560 levels
Strategiesdollarser at Credit Suisse, a bank and finance company headquartered in Zurich, Switzerland, states that the yellow metal is 1.691-1. It expects it to drop to $677 levels. Only 1,834-1, according to Analisdollarser. A break above $839 could signal a deeper recovery. Strategiesdollarser noted that “they have a slight bias towards a final drop, but only 1.691-1. He says a move below $677 will mark a major top for a bearish reversal change.
According to strategydollarser, the next support after these levels is 1.620-1 at the beginning. At $615, 1.565/1. It will be seen before the $560 levels. However, there are also projections for the rise. Analisdollarser, “Only 1,834-1. He observes that if there is a break above $839, it will complete the bottom of a range. Therefore, they predict that if these levels are breached, a deep recovery towards the $1,917 level will open the way.