Gold is ending the trading week with a correction near the 5021 area. XAU/USD quotes continue to move within the correction and bullish channel. Moving averages indicate an upward trend in gold. Prices have broken above the area between the signal lines, indicating buying pressure and potential further price growth. At this point, we should expect an attempt at a bearish price correction and a test of the support level near the 4795 area. Further, we expect an upward price rebound and continued growth in XAUUSD this trading week, with a potential target above 5785.
GOLD Weekly Forecast XAU/USD March 16 – 20, 2026
An additional signal favoring growth in gold quotes and prices this trading week (March 16-20, 2026) will be a rebound from the ascending trendline on the relative strength indicator (RSI). There have already been several rebounds from this line, after which quotes have actively risen. A second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 4575 area would cancel out the upward trend in XAU/USD quotes. This would indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 3665. A breakout of the resistance area and a close above 5445 would confirm the asset’s upward trend.
GOLD Weekly Forecast XAU/USD March 16 – 20, 2026 suggests an attempt to develop a bearish correction and test the support level near 4795. Then, gold prices would continue to rise with a target above 5785. A test of the trendline on the relative strength indicator (RSI) would support an upward trend. A decline and a breakout of 4575 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3665.
