Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (13th - 17th April 2026)

Comex Gold prices rose +1.50% this week, marking a third consecutive weekly gain, supported by a weaker dollar and optimism around US-Iran diplomatic talks in Islamabad. Additionally, a temporary two-week ceasefire eased oil prices and inflation concerns, further supporting bullion. However, stalled US-Iran talks and Strait of Hormuz uncertainty may pressure bullion prices, raising concerns over energy supply and geopolitical stability. The war’s impact is also visible in rising US inflation data. In physical markets, India saw improved demand ahead of Akshaya Tritiya, though elevated prices capped buying, while China experienced softer retail demand with narrowing premiums despite continued central bank purchases for the 17th month. Producer price data will be closely watched ahead.

Gold price has continued to surge for 3rd consecutive week, posted modest up move past week with nearly +2% in June contract and managed to settle at 152,690. With this upside momentum, Gold price continued to sustain over 20-EMA on Weekly chart placed at 144,741 level which will be key support level to look for. Looking at Daily chart, we can observe that Gold price has maintained its momentum in Rising channel and traded over its key moving averages i.e. 50, 100 and 200-DEMA levels placed at 150,844, 144,794 and 131,615 respectively. Key resistance would be at 159,730 and breakout of this level will accelerate bullish trend in Gold price. Looking at OI levels, we can observe a gradual rise in OI level to 7,580 lots along with recent price incline which suggests a Long buildups. RSI levels remained over 50 levels on all key time-frames.

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 PPI and Unemployment claims which are scheduled to be in next week.

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Prediction given by Technical Research Team - Choice.