XAU/USD quotes continue to move within the framework of growth development and a bullish channel. At the time of this forecast’s publication, the Gold price is 2938 USD per troy ounce. The moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upwards, signaling pressure from buyers and the potential continuation of growth from current levels. Currently, a bearish correction attempt and a test of the support level near the 2905 USD area are expected. From there, a rebound upwards and continued growth in Gold prices with a potential target of 3065 USD are anticipated.
GOLD Forecast and Analysis for February 26, 2025
An additional signal supporting the growth of XAU/USD quotes will be a test of the bullish trend line on the Relative Strength Index (RSI) indicator. The second signal will be a rebound from the lower boundary of the ascending channel. The cancellation of the growth scenario for Gold on February 26, 2025, will be a decline in prices and a breakout of the 2885 USD level. This will indicate a breakdown of the support area and continued decline of the asset’s quotes below the 2855 USD level. The acceleration of the XAU/USD quotes’ growth is expected with a breakout of the resistance area and the closing price above the 2965 USD level.
GOLD Forecast and Analysis for February 26, 2025 suggests an attempt to develop a price decline and test the support area near the 2905 USD level. Then, the continued growth of the precious metal quotes with a target above the 3065 USD level. The cancellation of the price increase scenario for Gold will be a decline in the asset’s value on the markets and a breakout of the 2885 USD level. This will indicate the continued decline in Gold prices with a potential target below the 2855 USD mark.
