XAU/USD quotes continue to move higher, and the potential for a Head and Shoulders reversal pattern remains. At the time of this forecast’s publication, the price of gold today is $4977 per troy ounce. Moving averages indicate a short-term bullish 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 support near 4925. From there, we expect an upward rebound and continued growth in gold prices, with a potential target above 5215.
GOLD Forecast and XAU/USD Analysis for February 20, 2026
An additional signal in favor of XAU/USD quotes growth will be a test of the trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the Head and Shoulders reversal pattern. A decline in gold prices and a breakout of 4775 would cancel the upward price scenario for February 20, 2026. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4365. XAU/USD price growth should accelerate with a breakout of the resistance area and a price close above 5085.
GOLD Forecast and XAU/USD Analysis for February 20, 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 5215. A decline in the market price and a breakout of 4775 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4365.
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