Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (9th - 13th March 2026)

MCX Gold surged nearly 3.17% during the week, while COMEX gold traded above $5,220 per ounce on Friday, testing two-month highs. The rally was driven by strong safe-haven demand as investors assessed aggressive US trade policy alongside sticky inflation data. Bullion found firm support after the administration invoked Section 122 to impose 10% global tariffs, with US Trade Representative Jamieson Greer signaling a possible increase to 15% following a recent Supreme Court ruling. Geopolitical tensions further strengthened gold's appeal. Stalled US-Iran nuclear talks in Geneva, a US Embassy departure advisory in Israel, and reports that the US and Israel assessed there was "no path for negotiations" with Iran heightened uncertainty. US military officials indicated preparations for operations targeting Tehran, with US-Israeli strikes reported on Iranian positions support prices. In the coming week, focus shifts to the US February jobs report, ISM PMIs, and retail sales. Eurozone inflation, unemployment data, and ECB meeting accounts will also guide global market sentiment.

Gold price has surged for 8th consecutive months, surged by +8.65% in February and managed to settle on a bullish note at 161,971. Here, price has inclined by more than +3% in past week. Price has resumed wwith a gapped up past week, traded back & forth in range of 158,000 to 162,000 over the course of the week. Here, price has continued to incline over its key moving averages i.e. 20, 50 and 100-DEMA levels placed at 156415, 149203 and 138963 respectively. Daily SAR is also placed at 138,168. Crucial resistance would be at 168,000 and breakout of this level will boost further upside momentum in Gold price towards its next psychological resistance at 170,000. Along with recent price we can observe a gradual rise of Ol levels to 8320 lots in April contract which suggests a Long-buildup. RSI levels remained around 60 level on Daily chart rise.

The overall trend in Gold price is expected to be Sideways-to-Bullish in the coming week, and traders should keep an eye on key US economic data such as Retail sales and Key employment data such as Avg. hourly earnings, NFP, Unemployment rate and Unemployment claims which are scheduled to be release in next week.

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Prediction given by Technical Research Team - Choice.