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Gold Price Forecast: Has Bullion Hit Resistance? – DailyFX
The extreme reading in the Relative Strength Index (RSI) may be accompanied by higher gold prices like the behavior seen earlier this year.
Gold Talking Points
The price of gold consolidates after trading to a fresh record high ($1981) in July, but the extreme reading in the Relative Strength Index (RSI) may be accompanied by higher gold prices like the behavior seen earlier this year.
Technical Forecast for Gold: Bullish
The price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may carry into August as the RSI clears the February high (80), with the indicator registerin…
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