XAU/USD quotes continue to move within a minor correction and the formation of a Triangle pattern. At the time of this forecast’s publication, the gold price today is $5,186 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 5,145. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 5,375.
GOLD Forecast and XAU/USD Analysis for February 27, 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 lower boundary of the Triangle pattern. The potential for gold price growth on February 27, 2026, will be cancelled if prices fall and break below 5065. This will indicate a breakout of the support area and a continued decline in the asset’s price below 4835. Expect the XAU/USD price to accelerate with a breakout of the resistance area and a price close above 5265, which will indicate a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
GOLD Forecast and XAU/USD Analysis for February 27, 2026 suggests an attempt at a bearish price correction and a test of the support area near 5145. Subsequently, base metal prices are expected to continue rising with a target above 5375. A decline in the market price and a breakout of 5065 would cancel out this upward price movement in gold. This would indicate a continued decline in gold prices with a potential target below 4835.
