XAU/USD quotes continue to move within a developing correction and bullish channel. At the time of publication of this forecast, the price of gold today is $4,631 per troy ounce. Moving averages indicate a short-term bullish 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 4,525. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,985.
GOLD Forecast and XAUUSD Analysis for 26 August 2026
An additional signal in favor of an increase 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. A decline in gold prices on August 26, 2026, would be cancelled if prices break below 4365. This would indicate a breakout of the support area and a continued decline below 4145. XAU/USD growth should accelerate with a breakout of the resistance area and a close below 4705.
GOLD Forecast and XAUUSD Analysis for 26 August 2026 suggests an attempt to develop a bearish price correction and test the support area near 4525. Subsequently, continued growth in base metal prices with a target above 4985. A decline in the market price and a breakout of 4365 would be cancelled if the gold price rise were cancelled. This would indicate a continued decline in gold with a potential target below 4145.
