Gold (XAU/USD) Price Forecast: New Record High Confirms Bull Trend
FX Empire·2026-01-15 05:43

Post-Breakout Pullback Confirms Trend StrengthThe first pullback following a base breakout in December above 4,381,foundsupportnearthe20dayaverageatthebeginningoftheyear.OnMonday,asustainedrallyabovethepriorhighat4,381, found support near the 20-day average at the beginning of the year. On Monday, a sustained rally above the prior high at 4,550 confirmed a continuation of the bull trend. Today, strength was confirmed by a new high and new daily closing high.Resistance Zone Defines Next Upside TestThere is a potential resistance zone noted on a chart from 4,664to4,664 to 4,713, where three target levels show from ...