XAU/USD quotes continue to move as part of a correction and the formation of a bullish “Wolfe Wave” pattern. At the time of this forecast’s publication, the gold price today is $5,097 per troy ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating pressure from asset buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish correction in the gold price and a test of support near 4865. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 5235.
GOLD Forecast and XAU/USD Analysis for March 13, 2026
An additional signal in favor of an increase in XAU/USD quotes will be a test of the trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the bullish “Wolf Wave” pattern. A decline in gold prices and a breakout of 4745 will cancel the upward trend on March 13, 2026. This will indicate a breakout of the support area and a continued decline in the asset’s price below 4365. Expect an acceleration in XAU/USD price growth with a breakout of the resistance area and a price close above 5185, which will indicate a breakout of the upper boundary of the downward correction channel.
GOLD Forecast and XAU/USD Analysis for March 13, 2026 suggests an attempt at a bearish price correction and a test of the support area near 4865. Subsequently, base metal prices are expected to continue rising with a target above 5235. A decline in the market price and a breakout of 4745 would cancel out this upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4365.
