Gold is ending the trading week with a correction near the 4672 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 4425 area. Subsequently, an upward rebound and continued growth in XAUUSD are expected this trading week, with a potential target above 5315.
GOLD Weekly Forecast XAUUSD April 6 – 10, 2026
An additional signal favoring a decline in gold quotes and prices this trading week (April 6-10, 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 4025 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 3635. A breakout of the resistance area and a close above 4925 would confirm the asset’s price increase, indicating a breakout of the upper boundary of the downward correction channel.
GOLD Weekly Forecast XAUUSD April 6 – 10, 2026 suggests an attempt to develop a bearish correction and test the support level near 4425. Then, gold prices will continue to rise with a target above 5315. A test of the trendline on the relative strength indicator (RSI) would support the upward trend. A decline and breakout of 4025 would cancel out the gold rally. This would indicate a continued decline below 3635.
