Gold Forecast: Price Prediction for Today, Tomorrow, This Week and 2026
Gold forecast today, Monday, Jul 21
Updated today, 14:05 CETR 3,395 resistance · T 3,378 first target · S 3,330 support and pivotChart: Kagels Trading, illustrative of the TradingView original
Gold trades at 3,352.10 at the time of writing, up 0.4 percent on the day. The morning dip into 3,341 was bought within an hour, which keeps the short-term structure constructive.
The picture on the 30-minute chart is unchanged from the morning update: a series of higher lows since Thursday, with the 3,330 pivot untouched on a closing basis. As long as that holds, dips remain buying opportunities and the first upside target sits at 3,378, the high of last week's consolidation.
Above 3,378, the weekly chart puts the next resistance at 3,395. That zone rejected price twice in early July, so a first test would likely stall there. A 30-minute close below 3,330 would flip the intraday bias to neutral and open the way toward 3,318.
Gold forecast tomorrow, Tuesday, Jul 22
Tomorrow brings the FOMC minutes at 20:00 CET, and gold rarely sits still around them. The expected range widens to 3,325 to 3,390 accordingly. The base case stays bullish: buy-the-dip behaviour has been consistent for four sessions, and there is no technical damage above 3,330.
If the minutes read dovish, a push through 3,378 and a run at 3,395 is the likely script. A hawkish surprise probably tests 3,330; how that level closes decides whether Wednesday starts neutral or still bullish. Fresh levels follow in the morning update.
Gold forecast this week, Jul 21 to 25
The weekly chart remains in an uptrend that has been intact since March. This week's range estimate is 3,300 to 3,420, with the FOMC minutes and Friday's flash PMIs as the two events most likely to set the extremes.
A weekly close above 3,395 would be significant: it would clear the July rejection zone and put the round 3,400 handle behind the market, turning the 2026 target zone discussed below into the active objective. Failure at 3,395 for a third time would suggest a longer consolidation between 3,330 and 3,395 into August.
Bull case and bear case at exact prices
BULL CASEHigher lows, held pivot
Four sessions of higher lows, a defended 3,330 pivot, and a morning dip to 3,341 that was bought within the hour. Momentum is with the buyers while the pivot holds. Through 3,378, the path to 3,395 opens, and a weekly close above that clears the way higher.
BEAR CASEThird rejection risk
3,395 has already turned price back twice this month. A third rejection with a 30-minute close below 3,330 would break the higher-low series and target 3,318 first, then the round 3,300. A hawkish set of FOMC minutes is the obvious trigger.
Bullish while 3,330 holds on a closing basis. First target 3,378, then 3,395. A close below 3,330 puts the forecast on neutral and hands the initiative to the bears.
Gold forecast 2026
Reviewed weeklyThe 2026 trend is up and has been since the January breakout above 3,050. The weekly structure shows an unbroken series of higher highs and higher lows, and the year-to-date low at 3,118 was a successful retest of that breakout.
The working target for the year remains 3,600, derived from the measured move of the January base. The main support zone sits at 3,050 to 3,120; only a weekly close below it would put the yearly uptrend in question. Central bank buying and the rate-cut path remain the fundamental drivers to watch.
Weekly candles, Jan to Jul 2026 · T 3,600 · S 3,120
Gold forecast 2027
Reviewed monthlyBeyond the current year the projection is built on the monthly chart, where the 2024 to 2026 advance forms one large trend channel. If 3,600 is reached and consolidated in 2026, the channel projects a 2027 objective of 3,800, with room toward 3,950 in an extension.
The structural floor for the 2027 outlook is 3,200. A monthly close below it would mark the first lower low of the cycle and force a full reassessment. Until then, multi-month pullbacks remain buying zones within the channel.
Monthly candles · T 3,800 · S 3,200
Long-term outlook
Reviewed quarterlyOn the quarterly chart, gold has been in a secular uptrend since the 2015 low. Each consolidation since then has resolved higher, and the current cycle shows no sign of the distribution patterns that ended earlier bull phases. Deliberately, this horizon carries no fixed price target: at this distance the honest statement is the trend and its floor, not a number. The long-term read stays constructive while the 3,200 floor discussed above holds on a monthly basis. This section changes rarely; the daily and weekly reads above are where the actionable work happens.
Upcoming catalysts for the gold price
| Date | Event | Why it matters for gold |
|---|---|---|
| Wed, Jul 22 · 20:00 CET | FOMC minutes | The rate-cut path drives real yields, the main macro input for gold. |
| Thu, Jul 23 · 14:15 CET | ECB rate decision | Moves EUR/USD and with it the dollar side of the XAU/USD pair. |
| Fri, Jul 24 · 10:00 CET | Eurozone flash PMIs | Growth surprises shift safe-haven demand intraday. |
| Fri, Jul 31 · 14:30 CET | US core PCE | The Fed's preferred inflation gauge; sets the tone for August. |
Times shown in CET. Dates are illustrative placeholders in this mockup.
Frequently asked questions
Is gold bullish or bearish right now?
Bullish, as of today's 14:05 CET update, while the price holds above the 3,330 pivot on a closing basis. The first upside target is 3,378. A close below 3,330 would move the forecast to neutral.
What are the key gold levels today?
Support at 3,330 and 3,318, the first target at 3,378, and resistance from the weekly chart at 3,395. All levels are marked on the chart at the top of this forecast.
How often is this gold forecast updated?
Two to three times every trading day: in the morning, around midday, and after the close. Each update carries a visible time stamp, so you always know how fresh the read is.
What is the gold price forecast for 2026?
The working target for 2026 is 3,600, based on the measured move from the January breakout. The yearly uptrend stays intact as long as the 3,050 to 3,120 support zone holds on a weekly closing basis.
About the author
Karsten has traded gold, indices, forex and commodities for 40 years and has published his forecasts openly on kagels-trading.de since 2015. His method is classical chart technique in a top-down sequence, from the yearly chart down to the intraday picture, and every forecast shows its working: exact levels, both sides argued, and a visible time stamp.
More about Karsten