Gold has resumed its core bull trend reinforced by the expected break lower by 10yr US Real Yields as the yellow metal trades at near $1790, gaining +0.42% on a day. Strategists at Credit Suisse mark resistance at $1796/1803.
Key quotes
“Gold has seen its expected break higher from its range above $1765 to confirm a resumption of its core bull trend with resistance seen at $1796/1803 next.”
“Support at $1720 now ideally holds to keep the immediate risk higher. Only back below $1671 though would set a near-term top.”
“10yr US Real Yields have seen their expected break lower from their sideways range, with key resistance seen at -.85%, then -1.01%, which reinforces the break higher and resumption of the core bull trend in gold.”
“Big picture, we continue to eventually look for new highs above $1921, with resistance then seen next at $2000, then $2075/80.”
Reprinted from fxstreet, the copyright all reserved by the original author.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。