Gold price forecast August 9: Gold price continues the chase for new all-time highs
	Gold price today fell for the first time after rising in early sessions
	Gold Prices Today (August 6): Continues To Skyrocket

Gold price forecast August 10:

(Video: Daily Forex)

GOLD Price Forecast and Analysis August 10 — 14, 2020

GOLD completing the trading week near the 2025 area. XAU/USD quotes continue to move within the framework of the growth and the ascending channel.

Moving averages indicate a bullish trend for Gold. Prices bounced off the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and test the support level near the 1895 area.

Further, the GOLD price will continue to rise with a potential target above the level of 2235.

(Photo: Forex 24)

According to Forex 24, an additional signal in favor of a rise in quotes and prices for GOLD in the current trading week August 10 — 14, 2020 will be a test of the rising trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for XAU/USD quotes will be a fall and a breakdown of the area of ​​1765. This will indicate a breakdown of the support level and a continued fall in GOLD prices with a target below 1575. Confirmation of the growth in the value of the asset will be a breakdown of the resistance area and closing of quotes above the level of 2055.

GOLD Price Forecast and Analysis August 10 — 14, 2020 assumes an attempt to test the support level near the 1895 area. Then, the GOLD prices will continue to rise with a target above the level of 2235. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. Cancellation of the GOLD growth option will be a fall and a breakdown of the level of 1765. This will indicate a continued decline in quotations to the area below the level of 1575.

Vietnamese students rank second at 2020 International Chemistry Olympiad All four Vietnamese students competing in the International Chemistry Olympiad 2020 in Turkey won gold medals, which is the highest-ever result gained by the Vietnamese ...

Gold price today July 28: May not stop increase until hitting $4,000 As gold price set an all-time high since 2011, surpassing $1,920 an ounce, analysts forecast the momentum would continue to $4,000 an ounce, Kitco cited ...

Gold price today July 27 jumps above $1,926 per ounce, making history in nearly 20 years Global prices globally jumped to the record high at above $1,926 per ounce, making the history since September 2011 as intensifying U.S.-China row hammered the ...godl