Gold ends the trading week with a correction near the 3343 area. XAU/USD quotes continue to move within the framework of the upward trend and the formation of a “Triangle” pattern. Moving averages indicate an upward trend for gold. Prices broke through the area between the signal lines upwards, indicating 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 3295 area. Further, prices will rebound upward and XAUUSD will continue to grow during the current trading week with a potential target above the 3805 level.
GOLD Weekly Forecast XAU/USD August 18 — 22, 2025
An additional signal in favor of growth in gold quotes and prices in the current trading week of August 18 — 22, 2025 will be a rebound from the bullish trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the “Triangle” pattern. A decline in prices and a breakout of the 3225 area will negate the possibility of an increase in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and a continuation of the decline in gold prices with a target below the 2865 level. Confirmation of the asset’s growth will be a breakout of the resistance area and the closing of quotes above the 3575 level, which will indicate a breakout of the upper border of the “Triangle” model and the beginning of the pattern’s implementation with targets at the top.
GOLD Weekly Forecast XAU/USD August 18 — 22, 2025 suggests an attempt to develop a bearish correction and test the support level near the 3295 area. Then, the price of gold will continue to rise with a target above the 3805 level. The test of the trend line on the relative strength indicator will support the rise in quotes. A fall and breakout of the 3225 level will cancel the growth scenario for gold. This will indicate a continuation of the decline in quotes to the area below the 2865 level.
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