Gold Price Forecast: Today, This Week and Beyond (XAU/USD)

After the all-time high of $5,598 in January, momentum collapsed and volatile corrective moves took over. A series of lower highs was followed by the last low at $3,942 in June, above which gold began to stabilise. For now, however, the new recovery is failing to break above last year's high at $4,550, where price met heavy supply.

On the four-hour chart, the breakout mood that shaped August has recently taken a clear hit. A support zone formed around $4,300 and is under pressure at the start of the new week. On Tuesday, the question is whether a break brings larger losses or demand holds steady.

Depending on how today unfolds, Wednesday should show whether the market aims for a breakout from the wedge after the Fed rate decision, or whether the sideways stabilisation above $4,300 continues.

The daily chart puts the situation in context. Price could not hold on to its latest recovery and is likely to meet resistance around the 200-day moving average. For now, the shorter 50-day average is under pressure; above it, a phase of stabilisation could take shape. A break below $4,200, on the other hand, would signal a stronger phase of losses.

Depending on this week, a breakout from the consolidation between $4,300 and $4,500 could emerge. If the area around $4,250 cushions further losses and price breaks back above the 200-day moving average, the April high would be the next target. If corrective pressure pushes price below the 50-day average, the June low would come into focus.

In 2026 gold reached a historic milestone with the all-time high at $5,598, and it has been in a pronounced correction since. For the rest of the year, the key question is whether this is a healthy pullback within an intact uptrend or the start of a deeper trend reversal.

On the weekly chart, gold broke above the 2023 high ($2,146), held off losses below $2,000 and then set a series of new records. The trend continued out of the consolidation that lasted until September 2025 and reached the 2025 high at $4,550.

After the turn of the year, price added further gains, but fell back sharply from the all-time high in January 2026 ($5,598). Below the falling 20-week line, it put pressure on the $4,000 area. Supported by the lower green uptrend line, a consolidation could play out first on the way into 2027, before prices above $5,600 come into view.

Only a break of $3,900 would lead into a downtrend structure and activate targets around $3,500.

On the monthly chart, the rally that started in November 2022 from the low at $1,614 was dynamic and overcame the resistance of the 2020 and 2021 yearly highs. After the firm monthly close in March 2024, gold set new highs in the following months. After light profit-taking, the advance continued to a local high in April 2025, which was taken out after a consolidation with another run of records.

Price has now broken the series of rising monthly lows that began in November 2024: the February 2026 low at $4,402 was undercut. We therefore expect this trend-confirming correction to finish first, before prices around $6,500 could be targeted by 2028.

2025 in review: in January the market picked up the new momentum straight away and took out the 2024 high. The advance tired in April and turned into a consolidation, which ended with strong gains in September. The 2025 high at $4,550 was set in December.

2026 so far: volatility is clearly higher. January alone covered a range of $1,290 and marked the all-time high at $5,598. February and March saw sharp swings with new lows. April was calmer and May also moved less, while pressure to the downside built in June. July ran without notable impulses just above the June low. Most recently, a counter-move in August is now working through last year's high.

The quarterly chart shows an established long-term uptrend from the 2001 low. In the third quarter of 2022, price found support at the green trend line and started a recovery in the fourth quarter. Gold held this direction in 2024 and marked the yearly high at $2,790. With the gains of last year and this year, the breakout scenario continues and confirms the trend.

Assuming established supports and the angle of the trend hold, the price is likely to settle between $6,700 and $7,300 in 2030.

The yearly chart shows an intact long-term uptrend. In 2026, after a firm close to the previous year, it continues a breakout scenario. In principle, this points to further rising prices in the gold market. Should the long-term trend channel still see a correction, a conservative estimate gives a target area between $8,000 and $14,000 for 2050.