Gold is ending the trading week with a correction near the 5043 area. XAU/USD quotes continue to move within a bullish channel. Moving averages indicate an uptrend in gold. Prices have broken above the signal lines, indicating buying pressure and potential further price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 4665 area. Further upward price rebounds and continued growth in XAUUSD this trading week, with a potential target above 5925.
GOLD Weekly Forecast XAUUSD February 16 – 20, 2026
An additional signal favoring growth in gold quotes and prices this trading week (February 16-20, 2026) will be a rebound from the bullish trendline on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 4125 area would cancel out the upward trend in XAU/USD quotes. 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 5305 would confirm the asset’s upward trend.
GOLD Weekly Forecast XAUUSD February 16 – 20, 2026 suggests an attempt to develop a bearish correction and test the support level near 4665. Then, gold prices would continue to rise with a target above 5925. A test of the trendline on the relative strength indicator (RSI) would support an upward trend. A decline and a breakout of 4125 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3665.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
