XAU/USD quotes continue to move within the framework of a developing correction and a descending channel. At the time of this forecast, the price of gold stands at 4,285 dollars per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken downward through the area between the signal lines, indicating selling pressure and a potential continued decline from current levels. For now, one should expect an attempt at a bearish correction in the gold price and a test of the support level near 4,275. From there, an upward rebound and continued growth in the gold price are expected, with a potential target above the 4,575 level.
GOLD Forecast and XAU/USD Analysis for September 28, 2026
An additional signal favoring 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 rebound from the lower boundary of the bullish channel. The scenario of rising gold prices on September 28, 2026, would be invalidated by a drop in quotes and a breakout below the 4,255 level. This would indicate a breach of the bullish channel’s lower boundary and a continued decline in the asset’s price toward the area below 4,175. An acceleration in XAU/USD growth should be expected upon a breakout of the resistance area and a price close above the 4,365 level, signaling a breakout above the upper boundary of the descending correction channel.
GOLD Forecast and XAUUSD Analysis for September 28, 2026 suggests an attempt to develop a bearish price correction and test the support area near the 4275 level. This would be followed by a resumption of the metal’s price growth, targeting levels above 4575. The bullish scenario would be invalidated if the asset’s market price falls and breaks below the 4255 level; this would signal a continued decline in the gold price, with a potential target below the 4175 mark.
