Gold is ending the trading week with a correction near the 5171 area. XAU/USD quotes continue to move within a minor correction and a bullish channel. Moving averages indicate an uptrend in gold. Prices have broken above the area between the signal lines, indicating buying pressure and potential continued price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 4805 area. Further upward price rebounds and continued growth in XAUUSD this trading week are expected, with a potential target above 6585.
GOLD Weekly Forecast XAU/USD March 9 – 13, 2026
An additional signal favoring growth in gold quotes and prices this trading week (March 2-6, 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 risen sharply. The second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 4565 area will cancel the upward trend in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 3955. A breakout of the resistance area and a close above 5445 will confirm the asset’s price growth.
GOLD Weekly Forecast XAU/USD March 9 – 13, 2026 suggests an attempt to develop a bearish correction and test the support level near 4805. Then, gold prices will continue to rise with a target above 6585. A test of the trendline on the relative strength indicator (RSI) will support an upward trend. A decline and a breakout of 4565 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3955.
