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 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
United States. Interest Rate Projection - 2nd Yr. The value of the indicator remained at the same level of 3.1%
18 March
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 50.8 to 51.4
24 March
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
20 March
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
19 March
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
19 March
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
19 March
All news

Forecasts

AUDCAD buy
Period: 30.04.2026 Expectation: 1100 pips
Buying AUDCAD from support zone
FA Other Indicators and reports Hot news Indicators
27 March 2026 52
Reed_Marcus
Brent sell
Period: 03.04.2026 Expectation: 920 pips
Brent crude is poised to dip further on rising selling pressure above $106.00
TA Other Technical analysis FA Other Indicators Fundamental analysis
27 March 2026 64
Lyra_Moonwell1
USDCAD buy
Period: 03.04.2026 Expectation: 950 pips
USDCAD gains ground on risk aversion and soft Canadian data
Technical analysis Indicators and reports Hot news Indicators Fundamental analysis
27 March 2026 42
Emily_Foster
GBPUSD sell
Period: 31.05.2026 Expectation: 3500 pips
GBPUSD selloff takes hold as UK inflation expectations soar
FA Other Indicators and reports Chart analysis Hot news
27 March 2026 27
Sinclair_John
GBPUSD sell
Period: 30.04.2026 Expectation: 1400 pips
Selling GBPUSD down to 1.3200
TA Other FA Other
27 March 2026 24
Bruce_Powers
S&P 500 buy
Period: 30.04.2026 Expectation: 1300 pips
Investing in SPX from $6,640
TA Other FA Other
27 March 2026 24
Bruce_Powers
Go to forecasts