XAU/USD quotes continue to move higher and have broken out of the descending channel. At the time of this forecast, the price of gold today is $4983 per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken above the area between the signal lines, indicating upward pressure from asset buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish correction in the gold price and a test of the support level near 4925. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 5225.
GOLD Forecast and XAU/USD Analysis for February 19, 2026
An additional signal favoring 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 upper boundary of the descending channel. A decline in gold prices and a breakout of 4765 would cancel the upward price scenario for February 19, 2026. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4345. XAU/USD price growth should accelerate with a breakout of the resistance area and a price close above 5065.
GOLD Forecast and XAU/USD Analysis for February 19, 2026 suggests an attempt to develop a bearish price correction and a test of the support area near 4925. Subsequently, continued growth in base metal prices with a target above 5225. A decline in the market price and a breakout of 4765 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4345.
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