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GOLD Forecast

GOLD Forecast

XAU/USD Forecast for October 26, 2026

EWM Team2 min read

Gold remains bearish on the 4-hour chart, with the displayed price at 4,023.11. The Elliott Wave count shows the completed purple (a)-(b)-(c)-(d)-(e) structure at green wave iv, followed by a decline labeled purple (i)-(ii) and blue i–iii. Since October 22, the earlier bearish projection has developed into a deeper decline, with price falling below the previously annotated 4,066.48 low. The current blue wave iv rebound is projected toward the 38.2% Fibonacci retracement near 4,040, before purple wave (iii) potentially extends toward 3,950. The chart marks 3,975.63 as a further-downside reference and 4,106.24 as invalidation. A break below 3,975.63 would strengthen bearish continuation.

XAU/USD Forecast for October 26, 2026 – 4-Hour Chart

Technical Summary of Gold Price for October 26, 2026

  • Trend: Bearish.
  • Current Elliott Wave: Blue wave iii labeled; wave iv projected upward before purple (iii) completion.
  • Key Support Levels: 3,975.63 (annotated downside reference); approximately 3,950 (projected).
  • Key Resistance Levels: Approximately 4,040 (38.2% Fibonacci); 4,106.24.
  • Next Price Target: 4,040 corrective rebound, followed by 3,975.63 and potentially 3,950.
  • Invalidation Level: 4,106.24 (annotated).
  • Fibonacci Levels: 38.2% retracement near 4,040.

Trader's Question: Can gold complete wave iv before extending its decline?

A rejection near the 38.2% Fibonacci retracement would support renewed bearish pressure, particularly if price subsequently breaks below 3,975.63.

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GOLD Forecast

Gold (XAU/USD) Forecast for October 23, 2026

EWM Team1 min read

Gold (XAU/USD) maintains a bearish outlook on the hourly chart, trading near 4,024.29 after breaking below 4,066.82 and reaching 3,986.71. The Elliott Wave count identifies a developing wave (ii), with subdivisions 1, 2, and 3 preceding a projected wave 4 rebound toward the 50% retracement near 4,044. A subsequent wave 5 decline could complete the larger wave iii near 3,980. The chart explicitly identifies 4,066.82, the bottom of wave 1, as the bearish invalidation level, while also displaying a separate 4,199.18 invalidation reference for the broader count. The latest rebound remains corrective unless price action establishes a stronger recovery.

Gold (XAU/USD) Forecast for October 23, 2026 – 1-Hour Chart

Technical Summary of Gold Price for October 23, 2026

  • Trend: Bearish
  • Key Support: 3,986.71; 3,980 (projected)
  • Key Resistance: 4,044 (approximate); 4,066.82
  • Trading Range: Projected downside zone 3,980–3,986.71.

Trader's Question: Could gold rebound before extending its decline?

The projected wave 4 suggests a temporary recovery toward 4,044 before another decline, while movement above 4,066.82 would invalidate the annotated immediate bearish setup.

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Market guide

About GOLD Forecast

Gold, commonly represented as XAUUSD in the financial markets, is one of the most widely followed precious metals and trading instruments worldwide. XAUUSD represents the price of one troy ounce of Gold in US Dollars and is closely monitored by traders, investors, financial institutions, central banks, and market analysts.

Gold Forecast and Analysis

Our Gold Forecast provides updated market analysis focused on the potential direction of Gold against the US Dollar. Our analysis covers different timeframes and may include market trends, support and resistance levels, price structure, and potential bullish or bearish scenarios.

At Elliott Wave Monitor, we use Elliott Wave analysis together with technical analysis to study the structure of the Gold market and identify potential price movements. Each analysis is based on the latest available price action and market structure.

What Affects Gold Prices?

Gold prices are influenced by a range of economic and financial factors, including interest rates, monetary policy, inflation, the strength of the US Dollar, economic growth, financial market conditions, and global risk sentiment.

Central bank policies, particularly those of the US Federal Reserve, can have a significant impact on Gold. Changes in interest rates and expectations for future monetary policy can influence the opportunity cost of holding Gold and affect demand for the precious metal.

Gold is also widely considered a safe-haven asset. During periods of economic uncertainty, financial market stress, or geopolitical risk, demand for Gold can increase as investors seek assets that may help preserve value.

Central bank Gold purchases, investment demand, and developments in the global economy can also influence Gold prices. Because Gold is priced internationally in US Dollars, changes in the value of the US Dollar can also affect XAUUSD.

Gold Technical Analysis

Gold Technical Analysis can help traders study important price levels and market structures. Our analysis may include support and resistance levels, trend direction, Elliott Wave counts, potential reversal areas, and different market scenarios.

Technical analysis can also involve studying historical price action, chart patterns, momentum, and other technical indicators to evaluate potential changes in market direction.

As market conditions change, technical scenarios can also develop or become invalidated as new price information becomes available. For this reason, our latest Gold analysis is regularly updated on this page.

Latest Gold Forecast

This page brings together the latest Gold Forecast and XAUUSD Analysis from Elliott Wave Monitor. New analysis posts are published regularly, allowing readers to follow Gold price movements across different market conditions and timeframes.

Whether you are looking for a Gold forecast, XAUUSD forecast, Gold technical analysis, Gold price analysis, or Elliott Wave analysis, this page provides a central place to follow our latest market updates and potential price scenarios.