XAU/USD quotes continue to move within a developing correction and bullish channel. At the time of this forecast, the price of gold today is $4991 per troy ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating pressure from asset buyers and potential continued growth from current levels. Currently, we expect an attempt to further extend the correction in the gold price and a test of support near 4985. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 5285.
GOLD Forecast and XAU/USD Analysis for February 17, 2026
An additional signal supporting growth in XAU/USD quotes will be a test of the trend line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A decline in gold prices on February 17, 2026, and a breakout of 4805 would cancel the upward price scenario for gold. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4535. XAU/USD growth should be expected to accelerate with a breakout of the resistance area and a price close above 5075.
GOLD Forecast and XAU/USD Analysis for February 17, 2026 suggests an attempt to develop a bearish price correction and test the support area near 4985. Subsequently, continued growth in base metal prices with a target above 5285. A decline in the asset’s market value and a breakout of 4805 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4535.
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