Gold is ending the trading week with a decline near the 4431 area. XAU/USD quotes continue to move as part of a downward trend and the formation of a Head and Shoulders reversal pattern. Moving averages indicate an uptrend in gold. Prices have broken above the signal lines, indicating selling pressure and potential further price declines. Currently, we expect an attempt to lower prices and a test of the support level near the 4205 area. Subsequently, we expect an upward rebound and continued growth in XAUUSD this trading week, with a potential target above 5275.
GOLD Weekly Forecast XAUUSD September 7 – 11, 2026
An additional signal favoring growth in gold quotes and prices this trading week (September 7-11, 2026) will be a rebound from the support line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the Head and Shoulders reversal pattern. A price decline and a breakout of the 3805 area will cancel out 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 3355. A breakout of the resistance area and a close above 4735 will confirm the asset’s price growth, indicating a breakout of the upper boundary of the Head and Shoulders reversal pattern.
GOLD Weekly Forecast XAUUSD September 7 – 11, 2026 suggests an attempt to develop a bearish correction and test the support level near the 4205 area. Then, gold prices will continue to rise with a target above 5275. A test of the trendline on the relative strength indicator (RSI) will support an upward trend. A decline and a breakout of 3805 would cancel out the gold rally. This would indicate a continued decline below 3355.
