Gold is ending the trading week with a correction near the 4715 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate an uptrend in gold. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 4575 area. Subsequently, we expect an upward rebound and continued growth in XAUUSD this trading week, with a potential target above 5545.
GOLD Weekly Forecast XAU/USD May 11 – 15, 2026
An additional signal favoring a decline in gold quotes and prices this trading week (May 11-15, 2026) will be a rebound from the support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. The XAU/USD price increase would be cancelled by a price decline and a breakout of the 4275 area. This would indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 3985. A breakout of the resistance area and a close above 5065 would confirm the asset’s price increase, indicating a breakout of the upper boundary of the downward correction channel.
GOLD Weekly Forecast XAU/USD May 11 – 15, 2026 suggests an attempt to develop a bearish correction and test the support level near 4575. Subsequently, gold prices will continue to rise with a target above 5545. A test of the trendline on the relative strength indicator (RSI) would support further price growth. A decline and a breakout of 4275 would cancel out the gold rally. This would indicate a continued decline below 3985.
