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Gold Price Forecast: XAU/USD Extends Rally as US Debt Concerns Weigh on Dollar

Gold prices extended their rally on [current date], with XAU/USD climbing to [price] as persistent US debt concerns continued to drag the US Dollar lower, boosting demand for the safe-haven metal.

What’s Driving the Gold Rally?

The primary catalyst for gold’s upward momentum is the ongoing weakness in the US Dollar, which has been pressured by escalating concerns over the US government’s debt levels and fiscal sustainability. As the dollar weakens, gold becomes more attractive to international buyers, as it is priced in dollars, and its relative value increases.

Additionally, market participants are closely monitoring the US debt ceiling negotiations and the potential for a government shutdown, which have historically led to increased volatility and a flight to safe-haven assets like gold. The uncertainty surrounding these fiscal issues has also weighed on Treasury yields, further supporting gold prices.

Technical Outlook for XAU/USD

From a technical perspective, gold has broken above key resistance levels, confirming a bullish trend. The recent rally has pushed the price above the 50-day and 200-day moving averages, a signal often interpreted by traders as a strong bullish indicator. Momentum indicators, such as the Relative Strength Index (RSI), are also suggesting that the uptrend has room to continue, though the market may be approaching overbought conditions in the short term.

Key Levels to Watch

Traders are now eyeing the next resistance level at [price], with a potential target of [price] if the rally continues. On the downside, support is seen at [price], which could be tested if the dollar stabilizes or if there is a shift in market sentiment.

Why This Matters to Investors

For investors, the ongoing rally in gold highlights the metal’s role as a hedge against economic uncertainty and currency devaluation. With the US debt situation unresolved, gold may continue to be a preferred asset for those looking to diversify their portfolios. However, it is important to note that gold prices are also influenced by a variety of factors, including interest rates, inflation, and global geopolitical events, so investors should remain cautious and consider a balanced approach.

Conclusion

In summary, gold prices are extending their rally as US debt concerns continue to undermine the US Dollar. The outlook remains positive for gold in the near term, but traders should be mindful of potential volatility and key technical levels. As always, staying informed about macroeconomic developments is crucial for making sound investment decisions.

FAQs

Q1: Why does the US debt situation affect gold prices?
When there are concerns about US debt, the US Dollar often weakens because investors worry about the country’s fiscal health. Since gold is priced in dollars, a weaker dollar makes gold cheaper for foreign investors, increasing demand and pushing prices higher.

Q2: What are the key technical levels to watch in gold?
Currently, the next resistance level is around [price], and if broken, gold could target [price]. On the downside, support is at [price], which could be tested if the dollar strengthens or market sentiment shifts.

Q3: Is it a good time to invest in gold?
Gold can be a good addition to a diversified portfolio, especially during times of economic uncertainty. However, it’s important to consider your investment goals and risk tolerance, and to consult with a financial advisor before making any decisions.

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The copper price prediction for Monday follows a Friday session where MCX Copper opened at Rs 1,376.95, reached Rs 1,386.00, and settled at Rs 1,384.15. Ankit Jaiswal, Research Analyst at Univest, notes that the copper price prediction for Monday reflects improving global industrial sentiment — Nifty Metal gained 0.86% on Friday, Hindustan Copper rose 0.90%, and MCX Copper’s 0.91% gain confirms this sector-level positive momentum heading into Monday.

Kunal Singla, Research Analyst at Univest, observes that the copper price prediction for Monday benefits from the broader commodity rally: gold breaching Rs 1,60,000, silver gaining 1.27%, and crude oil rising 0.61% all signal risk-on commodity sentiment that typically extends to base metals like copper. The Monday MCX Copper 24 Aug options expiry adds intraday volatility to the copper price prediction for Monday, with the Rs 1,400 call seeing heavy volume on Friday.

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Today’s Market Recap: Copper on 21 August 2026

Copper Price Prediction for Monday: Technical Analysis

Ankit Jaiswal’s copper price prediction for Monday identifies Rs 1,375 to 1,377 as the immediate support (near Friday’s low of Rs 1,375.50). A hold above Rs 1,375 in the copper price prediction for Monday confirms buyers are active at lower levels. Resistance in the copper price prediction for Monday stands at Rs 1,386.00, with a break above targeting Rs 1,392 to 1,395.

Trend for Monday 24 August 2026: Sideways to Mildly Bullish
Support: Rs 1,375 to 1,377 | Rs 1,364
Resistance: Rs 1,386.00 | Rs 1,392 to 1,395

Global Cues for Copper Prediction for Monday

• COMEX Overnight: COMEX gold and silver levels Monday morning are the primary pre-open cue for MCX precious metals on Monday. Watch spot gold above $3,400/oz and silver above $30.50/oz.
• Iran-Strait of Hormuz: Ongoing supply risk remains the dominant crude oil and commodity driver for Monday. Any weekend escalation or resolution will be the primary opening catalyst.
• US Dollar Index: A weaker DXY heading into Monday would support precious metals and commodities across the board on Monday.

Key Events for Monday 24 August 2026

• MCX Silver Mini and Copper 24 Aug options expire Monday 24 August — elevated intraday volatility expected in early Monday trade
• COMEX levels Monday morning set the MCX precious metal opening for Monday
• Iran-Strait of Hormuz weekend news is the primary catalyst for crude oil and energy commodities on Monday
• US EIA natural gas report and OPEC+ communications over the weekend will shape the energy complex on Monday

Stocks Linked to Copper Prediction for Monday

Explore Copper-Linked Stocks on Univest Screener

Strategy for Copper on Monday 24 August 2026

• Buy MCX Copper near Rs 1,375 with stop below Rs 1,364 targeting Rs 1,386.00 in the copper price prediction for Monday
• A break above Rs 1,386 targets Rs 1,392 to 1,395 in the copper price prediction for Monday; MCX 24 Aug options expire Monday
• Watch Hindustan Copper and Hindalco as leading equity signals for the copper price prediction for Monday
• Check COMEX copper overnight for the global base metal sentiment confirmation in the copper price prediction for Monday

What Does Sentiment Indicate for Copper Prediction for Monday?

Sentiment for the copper price prediction for Monday is cautiously positive. Friday’s broad commodity rally — all six MCX commodities gaining — reflects risk-on sentiment that benefits base metals. Ankit Jaiswal notes that Nifty Metal’s 0.86% Friday gain is a strong equity-side validation of the copper price prediction for Monday.

Kunal Singla observes that Monday 24 August is also the MCX Copper 24 Aug options expiry, which will create intraday volatility in the copper price prediction for Monday. The Rs 1,400 call saw significant volume on Friday, indicating institutional positioning for a continued recovery in the copper price prediction for Monday.

Risks to Copper Prediction for Monday

• A sharp reversal in COMEX copper overnight would weaken the copper price prediction for Monday
• MCX Copper 24 Aug options expiry on Monday creates elevated intraday swings in the copper price outlook for 24 August
• China industrial production data released over the weekend could pressure the Monday’s MCX copper price forecast
• A broad commodity sell-off reversing Friday’s gains would pull the Wednesday’s copper price outlook toward support

Download the Univest iOS App or Univest Android App to track live Copper prices and get real-time predictions.

Conclusion

the 24 August copper price outlook, 24 August 2026, is sideways to mildly bullish. MCX Copper closed at Rs 1,384.15/kg (+0.91%) on 21 August. Ankit Jaiswal places support at Rs 1,375 and resistance at Rs 1,386.00.

Kunal Singla notes Monday 24 Aug MCX Copper options expiry adds intraday volatility — use defined stop-losses in the MCX copper price forecast for Monday. Download the Univest app for live MCX copper tracking.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions on Copper Prediction for Monday

What is the copper price’s 21 August outlook, 24 August 2026?

Ans. the copper price outlook for 24 August is sideways to mildly bullish. MCX Copper closed at Rs 1,384.15/kg (+0.91%) on 21 August. Ankit Jaiswal places support at Rs 1,375 and resistance at Rs 1,386.00 for the Monday’s MCX copper price forecast.

What are MCX copper levels for Monday?

Ans. Support at Rs 1,375 to 1,377 and strong support at Rs 1,364. Resistance at Rs 1,386.00 and Rs 1,392 to 1,395 in the Wednesday’s copper price outlook.

Does MCX options expiry affect the 24 August copper price outlook?

Ans. Yes, MCX Copper 24 Aug options expire Monday, adding intraday volatility. Ankit Jaiswal recommends using futures for directional the MCX copper price forecast for Monday trades.

What equity stocks reflect the copper price’s 21 August outlook?

Ans. Hindustan Copper (+0.90% on 21 Aug) and Hindalco (+0.75%) are the primary equity proxies for the copper price outlook for 24 August. Watch these for sector-level confirmation.

What is the copper trading strategy for Monday?

Ans. Buy MCX Copper near Rs 1,375 with stop below Rs 1,364 targeting Rs 1,386.00 in the Monday’s MCX copper price forecast. A break above Rs 1,386 targets Rs 1,392.

Silver prices surged through $69 as the Dollar weakened and precious metals extended their breakout, taking XAG/USD more than 18% higher over one month.

The Silver price broke decisively above $69 on Friday as the latest Dollar sell-off added fuel to a precious-metals rally that has gathered pace throughout the week.

The Silver to US Dollar (XAG/USD) price traded around $69.44, up 1.78% on the day and 7.35% higher over five sessions.

The metal has now gained just over 18% in one month, a dramatic recovery from July’s lows below $55.

The immediate macro driver remains the weaker Dollar, alongside the market’s reassessment of US Treasury policy after Washington increased long-dated bond buybacks.

Brian Lan, Managing Director at GoldSilver Central, said the Dollar decline had supported “not just gold but all precious metals”, while also highlighting the large shift in yields.

Silver Breakout Puts $72 in Focus

Silver has now cleared the $66.80-$67 resistance area that capped the market earlier in the week, leaving $70 as the first psychological hurdle and $72 as the next more meaningful technical test.

The metal’s tendency to amplify moves in gold remains a central feature of the rally.

Alexander Zumpfe of Heraeus Metals Germany expects that volatility to persist, saying: “Silver is expected to remain one of the most volatile precious metals in 2026”.

His LBMA forecast range for 2026 is exceptionally wide at $55-$105, with a $75 average, reflecting both the strength of investment demand and the risk that high prices erode industrial consumption.

For now, momentum remains firmly positive while XAG/USD holds above $67.

A sustained break through $70-$72 would strengthen the case for another leg higher, while a fall back beneath $66.80 would suggest the latest breakout has failed.

Our currency coverage draws on live market data, official economic releases and published bank research.

Domestic coffee prices today

Coffee prices today in the domestic market increased slightly compared to the previous session. According to giacaphe. com, the average coffee price on August 21st was 97,900 VND/kg, an increase of 100 VND/kg.

In Dak Lak, coffee prices were recorded at 97,900 VND/kg, an increase of 200 VND/kg compared to the previous session.

In Lam Dong, coffee prices reached 97,300 VND/kg, an increase of 100 VND/kg. This is the lowest level among the surveyed areas.

In Gia Lai, coffee prices are at 97,900 VND/kg, an increase of 200 VND/kg.

The old Dak Nong area recorded a level of 98,000 VND/kg, unchanged compared to the previous session. This is the highest level in today’s price list.

The increase is not large, but it helps the price level continue to hold close to the 98,000 VND/kg zone after previous strong fluctuations.

The USD/VND exchange rate according to Vietcombank was recorded at 25,870 VND/USD, down 90 VND.

World coffee prices

In the world market, coffee prices in the most recent session diễn biến trái chiều (developed in opposite directions).

According to Barchart, the September 2026 Arabica futures contract closed up 4.10 US cents/lb, equivalent to 1.14%. Conversely, the September 2026 Robusta futures contract fell 16 USD/ton, equivalent to 0.43%.

Barchart said Arabica increased as it continued to consolidate below the 6.5-month high price range. Meanwhile, Robusta was under pressure as Robusta inventory certified on ICE rose to a 5.25-month high.

This development shows that the support from the world market is not even. For Vietnam, Robusta is still the group that has a more direct impact on domestic purchasing prices, so the slight decrease in Robusta makes the domestic upward momentum only at a modest level.

Coffee price assessment

Domestic coffee prices increased slightly by 100-200 VND/kg in many regions, but have not created a clear breakthrough. The highest price level is currently at 98,000 VND/kg, still lower than the 100,000 VND/kg mark that the market had previously noticed.

A noteworthy point is that domestic prices still increased slightly even though Robusta London decreased in the most recent session. This shows that domestic prices are still affected by real supply and demand, the amount of goods in the people, the purchasing demand of export businesses and exchange rate fluctuations.

According to Barchart, drier weather in Brazil may support harvest progress, creating a price holding factor. Cooxupe Cooperative said harvests reached 81.1% as of August 14, up from last week but still lower than 86.1% in the same period last year.

Domestically, according to the Ministry of Agriculture and Environment, in July, Vietnam exported about 147,600 tons of coffee, worth 639.5 million USD. Accumulated in the first 7 months of the year, coffee exports reached about 1.2 million tons, an increase of 10.8% in volume but turnover decreased by 11.2%, to 5.45 billion USD. The main reason is that the average export price decreased by 19.9% compared to the same period, down to 4,537 USD/ton.

Regarding the weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 21, the Central Highlands area will have showers and thunderstorms in some places; especially in the afternoon and evening there will be showers, scattered thunderstorms, locally heavy rain. Lowest temperature 20-23 degrees C, highest 27-30 degrees C.

This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.

In the coming sessions, the diễn biến of Robusta London, Arabica New York, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate the domestic price level.

2026.08.21 2026.08.21
XAU/USD: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26

Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/

Major Takeaways

• Main scenario: Consider long positions from corrections above 4,315.60 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,315.60. Stop Loss: below 4,245.00, Take Profit: 4,900.00–5,610.00.
• Alternative scenario: Breakout and consolidation below 4,315.60 will allow the asset to continue declining to the levels of 4,003.25–3,720.00. A sell signal: the level of 4,315.60 is broken to the downside. Stop Loss: above 4,385.00, Take Profit: 4,003.25–3,720.00.

Main Scenario

Consider long positions from corrections above 4,315.60 with a target of 4,900.00–5,610.00.

Alternative Scenario

Breakout and consolidation below 4,315.60 will allow the asset to continue declining to the levels of 4,003.25–3,720.00.

Analysis

An ascending third wave of larger degree (3) is presumably developing on the weekly chart. Within it, a descending correction has been completed as the fourth wave of smaller degree 4 of (3). Apparently, the fifth wave 5 of (3) started developing on the daily chart, with wave i of 5 forming as its part. Wave (iii) of i of 5 continues developing on the H4 chart, with wave v of (iii) unfolding as part of its structure. If the presumption is correct, XAU/USD will continue to rise to 4,900.00–5,610.00. The level of 4,315.60 is critical in this scenario as a breakout below it will enable the asset to continue declining to the levels of 4,003.25–3,720.00.

This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time. 

Price chart of XAUUSD in real time mode

Platinum price manages to settle above the moving average 55, holding near the breached resistance at $1785.00 level, keeping the bullish trend by recording the initial target at $1865.00.

The continuation of providing positive momentum by the main indicators will increase the chances of facing $1905.00 level, and surpassing it might extend the trading towards the next main target near $1955.00, note that the bearish trend return depends on the attempt of reaching below $1745.00 level and providing repeated negative closes.

The expected trading range for today is between $1820.00 and $1905.00

Trend forecast: Bullish

The GBPJPY pair benefited from the positive factors to end the dominance of the corrective trend, to form a strong bullish rally, surpassing the barrier at 216.35, recording the initial main target by reaching 216.90 level.

The positive factors make us prefer witnessing more bullish attempts, to expect targeting 217.35 and 217.80 level, while the decline below 216.35 and providing a negative close will force it to delay the bullish trend and providing mixed trading, and there is a chance to decline towards 215.55 before any attempt to record the suggested taregts.

The expected trading range for today is between 216.30 and 217.80

Trend forecast: Bullish