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CommoditiesMedium•24 February 2026•

1 min read

Gold Price Forecast: Bulls Target $5,345 Following Strong 19% Recovery

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1Gold price bounced to $5,250, holding key support levels and confirming the continuation of the uptrend.

2Gold delivered a 19% recovery following a historic 21% drop that briefly threatened the 2025 uptrend.

Gold prices have staged a dramatic reversal, rebounding nearly 19% to reach the $5,250 level after a period of extreme volatility. This significant recovery follows a historic 21% drop that briefly threatened the integrity of the broader 2025 uptrend. Technical indicators suggest that bulls successfully defended key support levels, re-establishing a positive outlook for the metal heading into 2026. The market is currently at a critical juncture as the rally encounters resistance at a key uptrend line. Analysts note that if this resistance is cleared, the next major target for XAU/USD buyers is positioned at $5,345. The magnitude of the bounce reflects strong institutional buying interest and a renewed confidence in gold's long-term bullish trajectory.