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 $5,136 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 5,035. From there, we expect an upward rebound and continued growth in gold prices, with a potential target above 5,415.
GOLD Forecast and XAU/USD Analysis for March 5, 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 and a breakout of 4905 would cancel the upward price scenario for March 5, 2026. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4635. XAU/USD price growth should accelerate with a breakout of the resistance area and a price close above 5265, which would indicate a breakout of the upper boundary of the downward correction channel.
GOLD Forecast and XAU/USD Analysis for March 5, 2026 suggests an attempt to develop a bearish price correction and a test of the support area near 5035. Subsequently, continued growth in base metal prices with a target above 5415. A decline in the market price and a breakout of 4905 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 4635.
