Gold finished the trading week with a correction near the 5237 area. XAU/USD quotes continue to move within an upward trend and a bullish channel. Moving averages indicate the presence of an uptrend in Gold. The price broke above the area between the signal lines, which indicates buying pressure and the potential continuation of growth. At this stage, a bearish correction is expected with a test of the support level near 4985. After that, a rebound upward is likely, followed by continued growth of XAU/USD during the current trading week with a potential target above 6575.
GOLD Weekly Forecast XAU/USD March 2 – 6, 2026
An additional signal in favor of growth will be a rebound from the ascending trend line on the RSI indicator. There have already been several rebounds from this line, after which quotes moved sharply higher. The second signal will be a rebound from the lower boundary of the ascending channel. The bullish scenario will be canceled by a decline and a breakout below 4345. This would indicate a breakout of the lower boundary of the bullish channel and continued decline in Gold prices with a target below 3765. Confirmation of further growth will come from a breakout of the resistance area and a close above 5325.
GOLD Weekly Forecast XAU/USD March 2 – 6, 2026 suggests a bearish correction toward 4985, followed by continued growth with a target above 6575. A breakout below 4345 would cancel the bullish scenario and indicate a decline toward levels below 3765.
