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06.03.202619:25 Forex Analysis & Reviews: XAU/USD. Analysis and Forecast. Gold Weakens While Trying to Maintain Bullish Sentiment

Relevancia 06:00 UTC--5

Exchange Rates 06.03.2026 analysis

Gold is trading within the $5000–$5100 per ounce range, while the overall price tone remains positive as long as the XAU/USD pair holds above the 20-day SMA (Simple Moving Average). However, if there is a decisive break below the psychological level of $5000, a moderate correction cannot be ruled out.

Momentum is weakening: the Relative Strength Index is close to the neutral zone, indicating that buyers are reluctant to continue aggressively pushing prices higher.

In the short term, the XAU/USD pair may once again test the $5000 area, but for bulls the key support levels remain $5050 and the psychological level of $5000. A break below $5000 would open the way to the next level at $4950. After that, the next targets would be the 50-day moving average and the February 17 low near $4840.

In the opposite scenario, if the gold price consolidates above $5100, the first significant resistance will be the March 4 high at $5206. After that, the $5250 level could act as the next barrier, followed by the $5300 area, which would return to focus as the next round-number target for bulls.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Irina Yanina,
Analytical expert of InstaSpot
© 2007-2026
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