XAU/USD quotes continue to move within a developing correction and descending channel. At the time of this forecast, the price of gold today is $4,699 per troy ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating 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 4,620. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,885.
GOLD Forecast and XAU/USD Analysis for May 13, 2026
An additional signal favoring growth in XAU/USD quotes will be a test of the bullish trend line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. The potential for gold price growth on May 13, 2026, will be cancelled if prices fall and break below 4585. This will indicate a breakout of the support area and a continued decline in the asset’s price below 4375. Expect the XAU/USD price to accelerate with a breakout of the resistance area and a price close above 4775, which will indicate a breakout of the upper boundary of the downward channel.
GOLD Forecast and XAU/USD Analysis for May 13, 2026 suggests an attempt at a bearish price correction and a test of the support area near 4620. Subsequently, base metal prices are expected to continue rising with a target above 4885. A decline in the asset’s market value and a breakout of 4585 would cancel out the upward trend in gold prices. This would indicate a continued decline in gold prices with a potential target below 4375.
