Gold (XAU/USD) Price Forecast: Record High Breakout Signals Continued Strength
FX Empire·2026-01-14 06:01

Pullback Completion Reinforces Bull TrendContinued signs of strength in the price of gold are anticipated given the long-term breakout that triggered in December. Monday’s high further confirmed the completion of the first pullback that ended near the 38.2% Fibonacci retracement and 20-day average. Of significance, the pullback was not too far below the prior $4,381 peak as well.That relationship and bullish reversal signs following the 38.2% retracement are indications of underlying strength of the trend a ...