Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (25th - 29th August 2025)

Comex Gold spot has traded back & forth over the course of the week, managed to breakthrough its resistance on Friday and closed on a positive note at $3371 / ounces, inclined by nearly +1%. Price has remained over 50-DEMA level placed at $3334 which is immediate support and on the other hand, resistance would be at $3409.

Gold ended the week firmer as Jerome Powell’s Jackson Hole remarks opened the door for a potential September rate cut. The dollar and bond yields slipped, boosting bullion investors priced in easier policy ahead. Geopolitical risks and continued central-bank buying further supported sentiment, keeping gold near record highs. However, a decline in CFTC net longs last week suggests some caution among speculative traders despite the bullish backdrop.

Following a correction from its all-time high (ATH), the price of gold found support at 98,516, leading to a slight rebound that ended the day at a positive 100,391. The price is currently holding above the 50-DEMA, which is at 98,484. The next key resistance level to watch is the daily SAR at 101,637. Gold’s price continues to trend within a rising channel, and a breakout above this resistance could trigger further upward momentum. The RSI is strong, maintaining a range of 55 to 65 on both the Daily and Weekly charts. Additionally, a bullish crossover on the MACD, along with positive histograms below the zero line, collectively points to a bullish outlook for gold.

The overall trend in Gold price is expected to be Sideways-to-bullish in the coming week, and traders should keep an eye on key US economic data such as Prelim GDP, PCE Price Index, Consumer sentiment and Unemployment claims which are scheduled to be in next week.

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Prediction given by Technical Research Team - Choice.