Gold Price Forecast: $3,433 in Sight as Triangle Breakout Fuels Rally

Gold is back in motion after weeks of sideways trading, breaking out of a descending triangle on the 4-hour chart.

Written by: Arslan Butt • Tuesday, August 26, 2025 • 1 min read

• Last updated: Tuesday, August 26, 2025

Quick overview

Gold has broken out of a descending triangle, indicating a bullish trend with support at $3,344.
Recent candle action shows strong demand, with a bullish engulfing candle pushing prices to $3,385, the first resistance zone.
Technical indicators like RSI and MACD suggest building momentum, supporting the potential for further upside.
Key levels to watch include support at $3,344 and resistance at $3,385, with a daily close above $3,385 opening the door to higher targets.

Gold is back in motion after weeks of sideways trading, breaking out of a descending triangle on the 4-hour chart. This is bullish, with price above the 50-day SMA at $3,344 which is now support. For traders this is a big deal – buyers are stepping back in and the bigger trend remains intact despite the volatility.

Candle action supports this view. A bullish engulfing candle cleared the $3,360 pivot, then sustained buying took gold to $3,385. This is the first resistance zone, and long lower wicks in recent sessions show demand is still strong on dips.

Gold Momentum Means More Up

Technicals agree. RSI is at 58, not overbought yet, and MACD has crossed above zero with widening bars – all signs of building momentum. Gold has also been making higher lows since mid-August, a constructive pattern that supports more upside.

Key levels to watch:

Support: $3,344 and $3,313
Resistance zones: $3,385, $3,410 and $3,433
Upside trigger: A daily close above $3,385 opens the door to higher targets.

Gold Trade Setup and Price Outlook

For new traders the setup is simple. If gold closes above $3,385 momentum could take it to $3,410 and $3,433 short term. Below $3,344 it could retest $3,313, but long lower wicks show dip buyers are still active.

GOLD Price Chart - Source: Tradingview — GOLD Price Chart – Source: Tradingview

A strong reversal signal – like another engulfing candle or three white soldiers – would strengthen the case for a bigger rally. If momentum holds $3,433 is the next upside target.

In short, gold is back in motion. With technicals aligned and demand on every dip, it may be setting up for the next leg higher.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.