Gold Continues to Improve, Eyes Further Gains Above $1834

(September 2nd, 2021 - Credit Swiss Bank)

Gold extends its recovery from long-term support. The yellow metal may be forming a larger bullish continuation pattern, the Credit Suisse analyst team reports.

“Key now is the July and August highs at $1832/34, a break above which is needed to suggest a base has been in place to keep the immediate risk higher for $1871, then $1917. Above this latter level would suggest a more important and large bullish continuation pattern has been completed to expose the $2075 high.”