Gold prices, measured by the XAU/USD index, were trading near $4,275 on Friday, with the yellow metal experiencing a period of stagnation throughout August. Year-to-date, gold has declined 1.18%, signaling a marked slowdown compared to the strong rally observed from 2022 to 2025. The lackluster performance in 2026 follows a shift in investor interest from gold toward oil and equities, especially stocks linked to artificial intelligence.
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AAPLAnalyst projects bullish scenario amid resistance
Rashad Hajiyev, founder and senior analyst at RM Capital, provided an optimistic outlook for gold through his analysis published on X. Hajiyev projected that gold could reach $8,000 in the near future, representing an 87% surge from the current price. He referenced patterns in the XAU/USD chart, suggesting that the current movement mirrors a breakout seen over a 130-day consolidation period in mid-2025. That previous breakout resulted in a 65% climb within 157 days.
Hajiyev stated that, based on technical indicators, the rally could allow investors entering the market now to almost double their investment if gold follows this path again. He emphasized that gold’s price formation and momentum appear similar to those seen before the earlier rally, pointing to the potential for significant upside.
RM Capital, founded by Hajiyev, is a financial analysis and investment advisory firm that specializes in market forecasting and technical analysis for commodities and other financial instruments.
Mini dictionary: XAU/USD, a financial symbol representing the exchange rate between one ounce of gold (XAU) and the US dollar (USD), commonly used to quote the international gold price.
Gold’s August 2026 breakout that began yesterday could double the price to $8,000 by the first quarter of 2027. Even a 70% gain would send gold to $7,000, but significant resistance is expected at $4,500.
Market resistance and price targets
While the forecast signals strong upside potential, Hajiyev cautioned that gold may encounter stiff resistance as it climbs. He specifically noted that the $4,500 level could pose a barrier to further price appreciation, making it an essential threshold to monitor. The forecast range for gold’s movement in the coming quarters extends between $7,000 and $8,000, suggesting notable volatility as the market digests these targets.
Hajiyev’s projection is among the most bullish targets for gold currently in circulation. The upcoming period could prove pivotal for the metal, as investors weigh the possibilities of a renewed rally against broader market uncertainty and sector rotation into technology and energy.
| XAU/USD Reference | Price/Value | Change/Target | Timeframe |
|---|---|---|---|
| Current (August 2026) | $4,275 | -1.18% YTD | Year-to-date |
| Projected Resistance | $4,500 | Key barrier | Near-term |
| Forecasted Target | $7,000 to $8,000 | Up to +87% | By Q1 2027 |
With global financial dynamics and sector rotation influencing capital flows, gold remains on investors’ watchlists for any decisive trend that could resolve the current lull. The commodity’s trajectory will depend on whether it can surmount immediate resistance and sustain buying momentum into the next year.
