- March 5, 2026
- Posted by: EWGFX
- Category: Technical analysis
Related Information: (XAU/USD)
Gold (XAU/USD) continues to advance for a second straight session on Thursday as investors rotate into safe-haven assets amid the intensifying Middle East conflict. Ongoing US and Israeli strikes inside Iran, alongside Tehran’s missile and drone retaliation across the region, have sustained geopolitical uncertainty and supported demand for bullion. Reports that a US submarine sank an Iranian warship off the coast of Sri Lanka—described by US Defense Secretary Pete Hegseth as the first such engagement since World War II—have further escalated tensions. With the confrontation now entering its sixth day, fears of a broader and prolonged regional conflict continue to underpin gold’s safe-haven appeal.
Chart analysis:
Short-term timeframes: M15, M45, H1
Short-term timeframe: H1 price recovery is still moving within a downtrend line around 5195.
The 5206 Fibonacci level continues to exert selling pressure.
Medium-term timeframes: H2, H4
Larger timeframes still exert long-term buying pressure, as gold remains the safest asset.
Key zones:
Supply zone (resistance): 5,195
Demand zone (support): 5,000
Three EMA moving averages; technical indicators: stochastic, volume
set up signal : SELL XAU 5195 – 5200 stoploss: 5210
Take profit : 5160 – 5120 – 5055