XAU/USD quotes continue to move within a bearish correction and bullish channel. At the time of this forecast, the price of gold today is $5,105 per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken below the area between the signal lines, indicating downward pressure from asset buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish correction in gold prices and a test of support near 5,045. From there, we expect an upward rebound and continued growth in gold prices, with a potential target above 5,405.
GOLD Forecast and XAU/USD Analysis for March 10, 2026
An additional signal supporting growth in XAU/USD quotes will be a test of the trend line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. The potential for gold price growth on March 10, 2026, will be cancelled if prices fall and break below 4915. This will indicate a breakout of the support area and a continued decline in the asset’s price below 4635. Expect an acceleration in XAU/USD price growth with a breakout of the resistance area and a price close above 5205, which will indicate a breakout of the upper boundary of the downward correction channel.
GOLD Forecast and XAU/USD Analysis for March 10, 2026 suggests an attempt to develop a bearish price correction and test the support area near 5045. Subsequently, base metal prices are expected to continue rising with a target above 5405. A decline in the market price and a breakout of 4915 would cancel out this upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4635.
