XAU/USD quotes continue to move within the context of strong growth and the beginning of a Triangle pattern. At the time of this forecast’s publication, the price of gold today is $4,490 per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken above the area between the signal lines, indicating upward pressure from asset buyers and a potential continuation of the decline from current levels. Currently, we expect an attempt at a bearish correction in the gold price and a test of the support level near 4,435. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,685.
GOLD Forecast and XAUUSD Analysis for 20 August 2026
An additional signal in favor of XAU/USD quotes growth will be a test of the bullish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the Triangle pattern. A decline in gold prices on August 20, 2026, and a breakout of 4265 would cancel the upward price scenario for gold. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4105. XAU/USD growth should be expected to accelerate with a breakout of the resistance area and a price close below 4515.
GOLD Forecast and XAUUSD Analysis for 20 August 2026 suggests an attempt to develop a bearish price correction and a test of the support area near 4435. Subsequently, continued growth in base metal prices with a target above 4685. A decline in the asset’s market value and a breakout of 4265 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4105.
