XAU/USD quotes continue to move within the framework of the correction development and the formation of the “Wedge” reversal pattern. At the time of the forecast publication, the price of Gold for today is 3348 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall 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 3320 area. Where should we expect an upward rebound and continued growth in the price of Gold with a potential target above the 3405 level.
GOLD Forecast and XAU/USD Analysis for August 19, 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 “Wedge” reversal pattern. The cancellation of the option of growth in Gold prices on August 19, 2025 will be a fall in quotes and a breakout of the level of 3275. This will indicate a breakout of the support area and a continuation of the fall in asset quotes to the area below the level of 3225. It is worth expecting an acceleration in the growth of XAU/USD quotes with a breakout of the resistance area and the price closing above the level of 3395, which will indicate a breakout of the upper border of the “Wedge” model and the beginning of the implementation of the pattern with targets at the top.
GOLD Forecast and XAU/USD Analysis for August 19, 2025 suggests an attempt to develop a bearish price correction and test the support area near the level of 3320. Further, the continuation of the rise in non-ferrous metal quotes with a target above the level of 3405. The cancellation of the option for the growth of Gold prices will be a fall in the value of the asset in the markets and a breakout of the level of 3275. This will indicate a continuation of the decline in the price of Gold with a potential target below the mark of 3225.
