Gold price forecast next week (August 10 – 14): Potential target above the level of 2235?
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 |

Gold Price Forecast: Gold Prices could retest support near $1,660 in September
Recommended

Roots of Enlightenment: India’s Timeless Buddhist Journey

India's Connect with Global South: A Bridge of Shared Heritage

Jaishankar, UN Special Envoy on Myanmar Julie Bishop Discuss Stability and, Refugee Situation

A diplomatic energy balance in a contested energy space

Strengthening Nalanda Buddhism: IHCNBT’s Historic First General Assembly

Rejecting Khalistan Separatism: Former Australian PM Tony Abbott’s Vision for Indo-Pacific Harmony

Vietnam, US Strengthen Trade Ties with US $90.3 Billion in New Agreements
