XAU/USD quotes continue to move within the correction and have exited the bullish channel. At the time of this forecast, the gold price today is $5,016 per troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the asset and a potential continuation of the decline from current levels. Currently, we expect an attempt at a bullish correction in gold prices and a test of the resistance level near 5,075. From there, we expect a downward rebound and a continued decline in gold prices, with a potential target below 4,845.
GOLD Forecast and XAU/USD Analysis for March 17, 2026
An additional signal for a decline 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. A strong rally and a breakout of 5145 would cancel the gold price decline scenario on March 17, 2026. This would indicate a breakout of the resistance area and continued price growth above 5405. Expect the XAU/USD price decline to accelerate with a breakout of the support area and a price close below 4925.
GOLD Forecast and XAU/USD Analysis for March 17, 2026 suggests an attempt to develop a bullish price correction and test the resistance area near 5075. Subsequently, a continued decline in base metal prices with a target below 4845. A strong rally in the market and a breakout of 5145 would cancel the gold price decline scenario. This would indicate a continued rise in gold with a potential target above 5405.
