This has been published by Credit Suisse and I am just publishing the chart as per their analysis. This is what they wrote:
CREDIT SUISSE
“Gold maintains a top below $1765/61 and we view the current bounce as temporary and we look for a fresh fall to retest $1682/71 – the 38.2% retracement of the entire 2015/2020 bull market and the recent and June 2020 lows.”
“With US real yields and the USD expected to strengthen further our bias stays to the downside in Q2 for a move below $1682/71 with support then seen next at $1620/15 and ultimately the ‘measured top objective’ and 50% retracement at $1564/61. Whilst an overshoot to $1510 should be allowed for, our bias would be to start to look for a floor here.”
So this is what Big Players are aiming!
CREDIT SUISSE
“Gold maintains a top below $1765/61 and we view the current bounce as temporary and we look for a fresh fall to retest $1682/71 – the 38.2% retracement of the entire 2015/2020 bull market and the recent and June 2020 lows.”
“With US real yields and the USD expected to strengthen further our bias stays to the downside in Q2 for a move below $1682/71 with support then seen next at $1620/15 and ultimately the ‘measured top objective’ and 50% retracement at $1564/61. Whilst an overshoot to $1510 should be allowed for, our bias would be to start to look for a floor here.”
So this is what Big Players are aiming!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.