XAU/USD quotes continue to move within a strong bearish correction and bullish channel. At the time of this forecast, the price of gold today is $5,109 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 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 4,935. From there, we expect an upward rebound and continued growth in gold prices, with a potential target above 5,365.
GOLD Forecast and XAU/USD Analysis for March 4, 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. A decline in gold prices on March 4, 2026, and a breakout of 4915 would cancel the upward price scenario for gold. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4725. XAU/USD growth should be expected to accelerate with a breakout of the resistance area and a price close above 5205, which would indicate a breakout of the upper boundary of the downward correction channel.
GOLD Forecast and XAU/USD Analysis for March 4, 2026 suggests an attempt to develop a bearish price correction and a test of the support area near 4935. Subsequently, continued growth in base metal prices with a target above 5365. A decline in the market price and a breakout of 4915 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4725.
