Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (16th - 20th February 2026)

Gold prices pared weekly losses, stabilizing after last week’s decline that was driven by a broad cross-asset selloff. However, the sharply declined around 4% seen in a single day in thursday session, after the news that Russia is reportedly exploring a return to US-dollar settlements as part of a possible economic partnership with President Donald Trump, per a 2026 Kremlin memo cited by Bloomberg. The plan highlights cooperation in fossil fuels, natural gas, offshore oil, and critical raw materials. Several macro factors influenced sentiment during the week. US data showed headline inflation slowing to 2.4% in January, below expectations, while core inflation eased to 2.5%, strengthening dovish arguments at the Federal Reserve. This came after strong US jobs data had pushed rate-cut expectations toward July. Despite near-term volatility, structural demand for gold remains supported by continued central-bank buying, solid investment inflows, and persistent concerns over currency debasement and rising sovereign debt levels. Looking ahead, markets will focus on key data releases in the second half of February, including Fed meeting minutes, US fourth-quarter GDP, and income and spending figures, as investors assess the global economic outlook amid uncertainty around trade, monetary policy, and fiscal spending by major economies.

Gold price has been resumed on a positive note with gapped higher opening at 156,000, traded back & forth over the course of the week, dropped marginally on Thursday, made a low at 149,938. However, price has rebounded from this dips and managed to settle at 156,200. On Weekly chart, price has formed a Doji candle which signifies an indecision among traders. Gold price has continue to trade over its all key moving averages i.e. 20, 50 and 100-DEMA levels placed at 152508, 144775 and 134739 respectively. Daily SAR is placed on a opposite side at 165833 which will be crucial level to look for. Immediate resistance would be at 160,755 and breakout of this level will accelerate upward momentum in Gold price in upcoming week. The momentum Indicator, RSI remains around 55 level on Daily chart.

The overall trend in Gold price is expected to be Moderately Bullish in the coming week, and traders should keep an eye on key US economic data such as Durable goods, Manufacturing index, Services PMI, Advance GDP, PCE Price index and Unemployment claims which are scheduled to be release in next week.

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Prediction given by Technical Research Team - Choice.