XAU/USD – Gold Forecast (August 20, 2025)
1. Market Sentiment & Fundamentals
Range-bound price action: Gold remains trapped within a tight range as traders weigh global economic signals.
Key drivers:
A stronger U.S. dollar continues to limit upside momentum.
Investors are focused on the Federal Reserve’s Jackson Hole Symposium and the release of FOMC minutes, with markets pricing in a high probability of a rate cut.
Longer-term sentiment remains bullish, with central banks and institutional investors maintaining steady demand for gold, supporting the bigger picture.
2. Technical Landscape
Resistance / Support Levels:
Immediate resistance: around $3,335.
Stronger resistance zones: $3,358–$3,375, with an extension toward $3,400–$3,435 if momentum builds.
Support: $3,270–$3,265, marking the lower edge of the current range.
Indicators:
Weakening momentum with bearish technical signals.
MACD crosses and oscillators suggest short-term downside pressure.
Moving averages remain mixed, reflecting indecision in the broader trend.
3. Short-term Forecast
Short-term outlook leans slightly bearish, with price vulnerable to a pullback toward the $3,300 area.
A break below this zone could open the way toward $3,270–$3,265.
Conversely, dovish Fed commentary or U.S. dollar weakness could trigger a bounce back to $3,335–$3,350.
