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Gold (XAUUSD) weekly forecast: range-bound trading with a positive bias

Gold (XAUUSD) enters the week of 9–13 March around 5,170 USD per ounce after rising amid increased geopolitical tensions in the Middle East.

XAUUSD forecast: key takeaways

• Weekly performance: gold (XAUUSD) is hovering around 5,170 USD per ounce after rising amid heightened geopolitical risks.
• Support and resistance: the daily chart shows a steady uptrend formed back in autumn.
• Fundamentals

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