XAU/USD quotes continue to move within a growing trend and a bullish channel. At the time of this forecast, the price of gold today is $5,146 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 gold prices and a test of support near 5,065. From there, we expect an upward rebound and continued growth in gold prices, with a potential target above 5,385.
GOLD Forecast and XAU/USD Analysis for February 24, 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 24, 2026, and a breakout of 4765 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 4365. XAU/USD growth should accelerate with a breakout of the resistance area and a price close above 5206.
GOLD Forecast and XAU/USD Analysis for February 24, 2026 suggests an attempt to develop a bearish price correction and test the support area near 5065. Subsequently, continued growth in base metal prices with a target above 5385. A decline in the asset’s market value 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 4365.
