Gold is ending the trading week with a correction near the 4833 level. 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 4535 level. Subsequently, an upward rebound and continued growth in XAUUSD are expected this trading week, with a potential target above 5895.
GOLD Weekly Forecast XAUUSD April 20 – 24, 2026
An additional signal favoring a decline in gold quotes and prices this trading week (April 20-24, 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 ascending channel. The XAU/USD price increase would be cancelled by a price decline and a breakout of the 4075 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 3665. A breakout of the resistance area and a close above 5065 would confirm the asset’s price increase.
GOLD Weekly Forecast XAUUSD April 20 – 24, 2026 suggests an attempt to develop a bearish correction and test the support level near 4535. Then, gold prices would continue to rise with a target above 5895. A test of the trendline on the relative strength indicator would support the upward trend. A decline and a breakout of 4075 would cancel out the gold rally. This would indicate a continued decline below 3665.
