Short move
• Gold remains slightly below $1834/36 but has improved in the short-term as Real Yields fall. Still, the yellow metal needs to surpass this region to sustain a deeper recovery, according to strategists at Credit Suisse.
• Gold bulls need a daily closing above the $1,834 barrier to unleash the further upside. The next stop for gold buyers is seen at the $1,840 round number, above which the June 16 high of $1,853 could likely be tested
• Should the bears manage to defend the September tops, the further retracement towards Tuesday’s low of $1819 could be in the offing
• Gold bulls need a daily closing above the $1,834 barrier to unleash the further upside. The next stop for gold buyers is seen at the $1,840 round number, above which the June 16 high of $1,853 could likely be tested
• Should the bears manage to defend the September tops, the further retracement towards Tuesday’s low of $1819 could be in the offing
Aviso legal
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