Gold is ending the trading week with a correction near the 5103 area. XAU/USD quotes continue to move within an upward trend and a bullish channel. Moving averages indicate an uptrend in gold. Prices have broken above 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 4675 area. Further, an upward price rebound and continued growth in XAUUSD this trading week are expected, with a potential target above the 6205 level.
GOLD Weekly Forecast XAUUSD February 23 – 27, 2026
An additional signal favoring growth in gold quotes and prices this trading week (February 23-27, 2026) 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 boundary of the ascending channel. A price decline and a breakout of the 4205 area will cancel the upward trend in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 3705. A breakout of the resistance area and a close above 5305 will confirm the asset’s price growth.
GOLD Weekly Forecast XAUUSD February 23 – 27, 2026 suggests an attempt to develop a bearish correction and test the support level near 4675. Then, gold prices will continue to rise with a target above 6205. A test of the trendline on the relative strength indicator (RSI) will support the upward trend. A decline and a breakout of 4205 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3705.
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