Gold Midterm Forecast: Key Support and Resistance Levels

Gold Holds Key Support Ahead of Fed Rate Decision

Gold Midterm Forecast: Gold (XAU/USD) is trading near an important support zone between $3,940 and $3,912. This range is crucial for understanding the midterm direction of gold prices. As long as gold holds above this support area, the overall midterm outlook remains positive, and the possibility of further upside movement continues.

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Gold Steadies Near $5,000 as Iran Risks, Fed Outlook in Focus

Gold Prices

As of February 20, 2026, spot gold is trading near the $5,000 per ounce threshold, closing at approximately $5,001.07 in recent sessions. The market is currently characterized by a tug-of-war between heightened geopolitical safe-haven demand and a hawkish outlook from the Federal Reserve. 

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