Gold Price Poised to Test Support at USD 5,095, Analyst: Correction Still Healthy in Bullish Trend
JAKARTA, KOMPAS.com - Investors should currently watch several key technical levels that can serve as references in reading the direction of gold price movements. The first support level is around USD 5,095, acting as the nearest psychological cushion for price movements. This area is important because it is typically a zone where buying interest starts to emerge when prices are under pressure.
Azharys Hardian, Investment Specialist at PT Korea Investment and Sekuritas Indonesia (KISI), said that if selling pressure continues and gold price breaks through this level, market attention will shift to the next support around USD 4,854. That level is viewed as a stronger support area because it has the potential to become a point of rebound for gold prices before determining the next direction. Thus, these two levels are areas investors should monitor to assess whether downside pressure is temporary or starting to alter the existing trend structure.
“The key support and resistance levels at the moment, investors should monitor the first support at USD 5,095 as the nearest psychological buffer. If selling pressure continues, the second support is at USD 4,854,” Azharys said when contacted by Kompas.com on Thursday, 5 March 2026.
If gold price can convincingly break through that level, the upside potential will open further with the next target around USD 5,370. A breakout above that level would be an important technical signal confirming that the upward/bullish trend is still ongoing, while also strengthening market optimism about the potential for further price increases in the next phase.
“On the upside, resistance one at USD 5,244 becomes the first barrier, with the next upside target at USD 5,370. Breaking through this level will confirm the continuation of the bullish trend,” he said.
The solid US economy means that expectations of easing monetary policy by the United States Federal Reserve have not fully materialised, thereby restraining the pace of gold price gains in the short term.
“The USD 5,400-5,600 scenario is quite realistic on a fundamental basis, but is unlikely in the near term,” Azharys added.