XAU/USD quotes continue to move as part of a developing correction and the formation of a Triangle pattern. At the time of this forecast’s publication, the gold price today is $4,513 per troy ounce. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, indicating selling pressure and a potential continuation of the decline from current levels. At this point, we should expect an attempt at a bullish correction in gold prices and a test of the resistance level near 4,545. From there, we should expect a downward rebound and a continued decline in gold prices, with a potential target below 4,025.
GOLD Forecast and XAU/USD Analysis for March 31, 2026
An additional signal favoring a decline in XAU/USD quotes will be a test of the descending trendline on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the Triangle pattern. The potential for gold price growth on March 31, 2026, will be cancelled if prices fall and break below 4705. This will indicate a breakout of the resistance area and continued growth above 4985. Expect the XAU/USD price to fall further with a breakout of the support area and a price close below 4265, which will indicate a breakout of the lower boundary of the Triangle pattern and the beginning of a pattern with targets below.
GOLD Forecast and XAU/USD Analysis for March 31, 2026 suggests an attempt at a bullish price correction and a test of the resistance area near 4545. Subsequently, a continued decline in base metal prices with a target below 4025. A strong rally in the market and a breakout of 4705 would cancel out the gold price decline scenario. This would indicate a continued rise in gold prices with a potential target above 4985.
