XAU/USD quotes continue to move within the framework of a developing correction and the onset of a “Wedge” reversal pattern. At the time of this forecast, the price of gold stands at $4,188 per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken downward through the area between the signal lines, signaling selling pressure and a potential continuation of the decline from current levels. We anticipate an attempt to push the gold price lower, testing the support level near 4,110. From there, an upward rebound and a resumption of the price rise are expected, with a potential target above the 4,425 level.
GOLD Forecast and XAU/USD Analysis for October 14, 2026
An additional signal supporting a rise in XAU/USD quotes is a test of the support line on the Relative Strength Index (RSI). A second signal would be a bounce off the upper boundary of the “Wedge” reversal pattern. The scenario of rising gold prices on October 14, 2026, would be invalidated by a drop in quotes and a breakout below the 4005 level. This would signal a break of the lower boundary of the “Wedge” reversal pattern and a continued decline in the asset’s price toward the area below 3865. An acceleration in XAU/USD price growth should be expected upon a breakout of the resistance zone and a close above the 4215 level.
GOLD Forecast and XAU/USD Analysis for October 14, 2026 suggests an attempt at a bearish price correction and a test of the support zone near the 4110 level. Subsequently, a resumption of the metal’s price growth is expected, targeting levels above 4425. The scenario of rising gold prices would be invalidated by a drop in the asset’s market value and a breakout below the 4005 level. This would indicate a continued decline in the gold price, with a potential target below the 3865 mark.
