Gold Market Analysis

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Gold Market AnalysisGoldOANDA:XAUUSDacqeqfAs of the close on March 7, 2026 (weekend closed), international gold staged a strong rebound and climbed back above $5,160 per ounce. The short-term trend has shifted to a high-level consolidation with bullish bias. Core trading range: $5,150 – $5,250 Key support: $5,100 – $5,120; a break below this zone would target $5,050 – $5,060 Resistance levels: $5,200 – $5,220; a breakout could aim for the previous highs near $5,280 – $5,300 Watch the stability of support at $5,150. Maintain a bullish approach, wait for a pullback and confirmation before entering positions, and avoid chasing the market higher.