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 156.3K to 162.5K
17 April
South Africa. Gold Production (YoY). The value of the indicator has increased from 0.7% to 12.8%
14 April
United States. Core PCE Price Index (MoM). The value of the indicator remained at the same level of 0.4%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 168.3K to 163.2K
3 April
Top news
European Union. Trade Balance. The value of the indicator has increased from -1B to 11.5B
17 April
European Union. CPI (MoM). The value of the indicator has increased from 1.2% to 1.3%
16 April
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. GDP (QoQ). The value of the indicator has decreased from 0.7% to 0.5%
9 April
All news

Forecasts

Silver sell
Period: 27.04.2026 Expectation: 7500 pips
Selling silver with $72.5 in sight
Indicators and reports FA Other Chart analysis Hot news
Today at 11:08 AM 18
Reed_Marcus
S&P 500 sell
Period: 27.04.2026 Expectation: 1300 pips
S&P 500 Index shows signs of fading bullish momentum amid geopolitical fog
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 10:05 AM 12
Lyra_Moonwell1
Gold sell
Period: 30.04.2026 Expectation: 3800 pips
Gold sell-off targets $4,750
FA Other TA Other
Today at 08:25 AM 21
McCarthy_Raymond
EURUSD sell
Period: 30.04.2026 Expectation: 300 pips
Selling EURUSD down to 1.17720
FA Other TA Other
Today at 08:25 AM 8
Bruce_Powers
Gold sell
Period: 04.05.2026 Expectation: 190 pips
Gold feels heat from Middle East headlines
Indicators and reports FA Other Chart analysis Hot news
Today at 08:06 AM 19
Sinclair_John
EURUSD buy
Period: 27.04.2026 Expectation: 830 pips
EURUSD remains resilient to escalating Middle East situation
FA Other Technical analysis Hot news Indicators Fundamental analysis
Today at 06:53 AM 17
Emily_Foster
Go to forecasts