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Gold Price Forecast: XAU/USD Poised for August Breakout After Six Weeks of Consolidation
Gold has spent six weeks trapped in a tightening range at the yearly low, with the next breakout likely to determine the Augu.
Date:
01.08.2026 |
Source:
forex.com
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.153380 | +0.05015% |
| GBPUSD | 1.348300 | +0.13163% |
| USDJPY | 157.400000 | -1.38339% |
| XAUUSD | 4042.682210 | -1.47657% |
| USDCAD | 1.401850 | +0.053998% |
| NZDUSD | 0.587720 | -0.026077% |
| USDCHF | 0.807560 | +0.34166% |
| AUDUSD | 0.702540 | +0.01042% |
| EURGBP | 0.855430 | -0.04909% |
| EURJPY | 181.610330 | -1.26117% |
| GBPJPY | 212.494690 | -1.0806% |
| AUDJPY | 110.563000 | -1.36934% |
| CADJPY | 112.274000 | -1.40073% |
| CHFJPY | 195.388820 | -1.48496% |
| NZDJPY | 92.524060 | -1.33714% |
| GBPCHF | 1.088830 | +0.52019% |
| EURCHF | 0.931420 | +0.39793% |
| USDMXN | 17.326000 | -0.00404% |
| USDZAR | 16.543800 | +0.07622% |
| USDTRY | 47.507800 | +0.16635% |
| USDRUB | 79.175000 | -1.01888% |
| USDSEK | 9.509300 | -0.40876% |
| USDCNY | 6.744800 | -0.14361% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 03.08.2026 | ||||
| 01:45 | S&P Global Manufacturing PMI (Jul) | 51.5 | 51.7 | |
| 14:00 | 🇺🇸 | ISM Manufacturing PMI (Jul) | 54 | 53.3 |
| 04.08.2026 | ||||
| 14:00 | 🇺🇸 | JOLTs Job Openings (Jun) | 7.25 | 7.594 |
| 05.08.2026 | ||||
| 14:00 | 🇺🇸 | ISM Non-Manufacturing PMI (Jul) | 54.2 | 54 |
| 14:00 | 🇺🇸 | ISM Non-Manufacturing Prices (Jul) | 67.7 | |
| 14:00 | 🇺🇸 | ISM Services PMI (Jul) | 54.2 | 54 |
| 06.08.2026 | ||||
| 01:30 | 🇦🇺 | Balance of Trade (Jun) | -1.08 | -3.018 |
| 07.08.2026 | ||||
| 03:00 | Balance of Trade (Jul) | 112.5 | 125.62 | |
| 03:00 | Exports YoY (Jul) | 27 | ||
| 03:00 | Imports YoY (Jul) | 36 | ||