Gold ends the trading week with a correction near the 4679 area. XAU/USD quotes continue to move within the bearish correction and bullish channel. Moving averages indicate an upward trend in Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt at a bearish price correction and a test of the support level near the 4545 area. Next, a rebound in prices and continued growth of XAUUSD in the current trading week with a potential target above the level of 5595.
GOLD Weekly Forecast XAU/USD April 27 – May 1, 2026
An additional signal in favor of a fall in quotations and prices for Gold in the current trading week of April 27 – May 1, 2026 will be a rebound from the support line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for XAU/USD quotes will be a fall in price and a breakdown of the area of 4075. This will indicate a breakdown of the level of the lower boundary of the bullish channel and a continuation of the fall in Gold prices with a target below the level of 3655. Confirmation of the growth in the value of the asset will be a breakdown of the resistance area and the closing of quotes above the level of 5115, which will indicate a breakdown of the upper boundary of the downward correction channel.
GOLD Weekly Forecast XAU/USD April 27 – May 1, 2026 assumes an attempt to develop a bearish correction and test the support level near the area of 4545. Then, continued growth in Gold prices with a target above the level of 5595. A test of the trend line on the relative strength index (RSI) will support the growth of quotes. Cancellation of the option to raise Gold will be a fall and a breakdown of the level of 4075. This will indicate a continued decline in quotes to the area below the level of 3655.
