XAU/USD quotes continue to move as part of a downward trend and the beginning of a Wedge pattern. At the time of this forecast’s publication, the gold price today is $4,859 per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the asset and a potential continuation of the decline from current levels. At this point, we should expect an attempt at a bullish correction in the gold price and a test of the resistance level near 4,945. From there, we should expect a downward rebound and a continued decline in the gold price, with a potential target below 4,785.
GOLD Forecast and XAUUSD Analysis for February 18, 2026
An additional signal favoring a decline in XAU/USD quotes will be a test of the trend line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the Wedge reversal pattern. A strong rise in gold prices and a breakout of 5105 would cancel the gold price decline scenario on February 18, 2026. This would indicate a breakout of the resistance area and continued growth above 5335. Expect the XAU/USD price decline to accelerate with a breakout of the support area and a price close below 4785.
GOLD Forecast and XAUUSD Analysis for February 18, 2026 suggests an attempt to develop a bearish price correction and test the resistance area near 4945. Subsequently, a continued decline in base metal prices with a target below 4785. A strong rise in the market price and a breakout of 5105 would cancel the gold price decline scenario. This would indicate a continued rise in gold prices with a potential target above 5335.
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