Gold ends the trading week with a correction near the 3408 area. XAU/USD quotes continue to move within the framework of the rise development and completion of the “Triangle” model formation. Moving averages indicate the presence of an upward trend in Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and 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 3365 area. Further, a rebound in prices upwards and continuation of XAUUSD growth in the current trading week with a potential target above the 3845 level.
GOLD Weekly Forecast XAU/USD September 1 — 5, 2025
An additional signal in favor of the growth of quotes and prices for Gold in the current trading week of September 1 – 5, 2025 will be a rebound from the bullish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the “Triangle” pattern. The option of increasing XAU/USD quotes will be cancelled by a price drop and a breakout of the 3245 area. This will indicate a breakout of the lower border of the bullish channel and a continuation of the fall in Gold prices with a target below 2875. The growth in the asset value will be confirmed by a breakout of the resistance area and closing of quotes above 3525, which will indicate a breakout of the upper border of the “Triangle” pattern and the beginning of the implementation of the pattern with targets at the top.
GOLD Weekly Forecast XAU/USD September 1 — 5, 2025 suggests an attempt to develop a bearish correction and test the support level near the 3365 area. Then, continued growth in Gold prices with a target above 3845. A test of the trend line on the relative strength indicator will be in favor of increasing quotes. The cancellation of the growth option for Gold will be a fall and a breakout of the 3245 level. This will indicate a continuation of the decline in quotes to the area below the 2875 level.
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