Gold Price Forecast: XAU/USD to post new record highs towards $2,285/2,300 – Credit Suisse

Gold has now surged higher. Strategists at Credit Suisse look for XAU/USD to move to a new record high, with $2285/2300 now their new core objective.

Uptrend in gold is now gaining momentum

“We continue to look for a move back to the $2,075 record high. Although a fresh pullback from here should be allowed for we look for a sustained break in due course with resistance seen at $2,120 initially ahead of $2,167 and eventually our new core upside objective at $2,285/2,300.”

“Support moves to $1,961 initially, with $1,878 ideally holding further setbacks.”

See – Gold Price Forecast: XAU/USD to perform strongly and surpass the $2,070 high – Standard Chartered