XAU/USD quotes continue to move within the framework of the upward trend and the bullish channel. At the time of publication of the forecast, the price of gold for today is $3,346 per troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers of the asset and a potential continuation of growth from current levels. At the moment, we should expect an attempt at a bearish correction of the gold price and a test of the support level near the 3315 area. From there, we can expect an upward rebound and continued growth in the price of gold with a potential target above the 3435 level.
GOLD Forecast and XAU/USD Analysis for July 18, 2025
An additional signal in favor of growth in XAU/USD quotes will be a test of the support line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the bullish channel. A decline in quotes and a breakout of the 3285 level will cancel the option of growth in gold prices on July 18, 2025. This will indicate a breakout of the support area and a continuation of the decline in asset quotes to the area below the 3250 level. An acceleration in the growth of XAU/USD quotes should be expected with a breakout of the resistance area and the price closing above the 3385 level.
GOLD Forecast and XAU/USD Analysis for July 18, 2025 suggests an attempt to develop a bearish price correction and test the support area near the 3315 level. Further, the growth of non-ferrous metal quotes will continue with a target above the 3435 level. A fall in the asset’s value on the markets and a breakout of the 3285 level will cancel the option of growth in gold prices. This will indicate a continuation of the decline in the price of gold with a potential target below the 3250 mark.
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