Gold is ending the trading week with a correction near the 4563 area. XAU/USD quotes continue to move downwards and have exited the bullish channel. Moving averages indicate an uptrend in gold. Prices have broken below the signal lines, indicating selling pressure and potential further price declines. Currently, we expect an attempt at a bullish price correction and a test of the resistance level near the 4795 area. Subsequently, a downward price rebound and continued decline in XAUUSD this trading week are expected, with a potential target below the 3705 level.
GOLD Weekly Forecast XAU/USD March 23 – 27, 2026
An additional signal favoring a decline in gold quotes and prices this trading week (March 16-20, 2026) will be a rebound from the broken trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the ascending channel, which was broken downwards by sellers. A strong price increase and a breakout of the 5105 area will cancel the downward trend in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and continued growth in gold prices with a target above 5505. A breakout of the support area and a close below 4505 will confirm the asset’s decline, indicating a breakout of the lower boundary of another bullish channel.
GOLD Weekly Forecast XAU/USD March 23 – 27, 2026 suggests an attempt to develop a bullish correction and test the resistance level near 4795. Then, a continued decline in gold prices with a target below 3705 will be expected. A test of the trendline on the relative strength indicator (RSI) will support a downward trend. A strong rally and a breakout of 5105 would cancel out the gold decline scenario. This would indicate a continued rise above 5505.
