Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
8 December 2022 | Other

Credit Suisse: Gold recovery to continue as week closes above $1,796

Gold

Gold continues to fluctuate in a tight range near $1,770. The precious metal needs a weekly close above the 200-Day Moving Average (DMA) at $1,796. Analysts at Credit Suisse believe this will allow us to see further gains.

According to specialists, gold is still capped by the critical 200DMA, which is currently near $1,796. Analysts expect the consolidation will begin from here. Penetration of the $1,729 support level will weaken the uptrend. The next support will be seen at the 55DMA at $1698.

A weekly close above $1,796 might open the door to a meaningful recovery to a 50% retracement of the 2022 price drop ($1,843). Later, bullion prices might reach a June high of $1877.



Company MarketCheese

Recommended

United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 168.3K to 163.2K
3 April
United States. CFTC Gold speculative net positions. The value of the indicator has increased from 159.9K to 168.3K
27 March
United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 163.1K to 159.9K
20 March
United States. Interest Rate Projection - Current. The value of the indicator has decreased from 3.6% to 3.4%
18 March
United States. Interest Rate Projection - 1st Yr. The value of the indicator has decreased from 3.4% to 3.1%
18 March
Top news
European Union. Retail Sales (MoM). The value of the indicator has decreased from -0.1% to -0.2%
1 hour ago
United States. Nonfarm Payrolls. The value of the indicator has increased from -133K to 178K
3 April
United States. Unemployment Rate. The value of the indicator has decreased from 4.4% to 4.3%
3 April
United States. Trade Balance. The value of the indicator has decreased from $-54.7B to $-57.3B
2 April
United States. ISM Manufacturing PMI. The value of the indicator has increased from 52.4 to 52.7
1 April
All news

Forecasts

NVIDIA Corporation buy
Period: 15.04.2026 Expectation: 800 pips
NVIDIA stock bounces back as geopolitical heat cools
Technical analysis Indicators Hot news Fundamental analysis
Today at 06:52 AM 14
Emily_Foster
Gold buy
Period: 30.04.2026 Expectation: 4500 pips
Buying gold looks attractive as US inflation heads lower
TA Other FA Other
Today at 05:00 AM 13
McCarthy_Raymond
AUDUSD sell
Period: 30.04.2026 Expectation: 870 pips
Selling AUDUSD as dollar strengthens
FA Other Chart analysis
Today at 05:00 AM 14
Bruce_Powers
Brent buy
Period: 21.04.2026 Expectation: 500 pips
Purchasing Brent crude with $119 in sight
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 11:48 AM 39
Sinclair_John
Tesla Inc buy
Period: 14.04.2026 Expectation: 2250 pips
Investing in Tesla stocks on their potential rebound to $375
TA Other FA Other Technical analysis Indicators Fundamental analysis
Yesterday at 11:19 AM 29
Lyra_Moonwell1
AUDUSD sell
Period: 14.04.2026 Expectation: 865 pips
Selling AUDUSD with 0.68300 target as US deadline on Strait of Hormuz approaches
Indicators and reports TA Other Technical analysis Hot news Fundamental analysis
Yesterday at 08:38 AM 21
Emily_Foster
Go to forecasts