Medium-Term Scenario
Since 2024, the price of gold has been showing rapid growth. In April 2025, the price broke out of the ascending channel and began forming a new price structure along the boundary of the anticipated channel. On the daily chart, a narrowing price range can be observed.
The potential for gold’s movement has not yet been fully realized. The most likely scenario is a correction and consolidation, which will create a foundation for further growth.
The medium-term forecast suggests that the price may remain within this range for several days or weeks before a new momentum emerges. Such consolidation indicates an accumulation of price movements, making the upcoming period more volatile.
It is also important to take into account upcoming financial market events: the ECB meeting scheduled for September 10–11 and the U.S. Federal Reserve’s meeting on September 16–17 regarding the key interest rate. These events may affect gold’s dynamics.
The most probable medium-term scenario is a decline in gold prices within the framework of a correction.
Scenario Realization