XAU/USD quotes continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 3371 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the gold rate and a test of the support level near the 3355 area. Where should we expect an upward rebound and continued growth in the price of Gold with a potential target above the level of 3485.
GOLD Forecast and XAU/USD Analysis for August 12, 2025
An additional signal in favor of the growth of XAU/USD quotes will be a test of the support line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the growth scenario for Gold prices on August 12, 2025 will be a fall in quotes and a breakout of the 3325 level. This will indicate a breakout of the support area and a continuation of the fall in asset quotes to the area below the 3265 level. It is worth expecting an acceleration in the growth of XAU/USD quotes with a breakout of the resistance area and a price close above the 3420 level.
GOLD Forecast and XAU/USD Analysis for August 12, 2025 suggests an attempt to develop a bearish price correction and test the support area near the 3355 level. Further, the continuation of the rise in non-ferrous metal quotes with a target above the 3485 level. The cancellation of the growth scenario for Gold prices will be a fall in the value of the asset on the markets and a breakout of the 3325 level. This will indicate a continuation of the decline in Gold prices with a potential target below the 3265 mark.
