Gold (XAUUSD) Price Forecast: Rally at Turning Point After Momentum Shows First Signs of Fatigue
FX Empire·2026-01-27 22:20

A trade through 5111.51willresetthepattern,butamovethroughyesterday’slowat5111.51 will reset the pattern, but a move through yesterday’s low at 4990.21 will reveal more of the puzzle. If this low fails to hold, then 5111.51willbecomeaminortopandthe505111.51 will become a minor top and the 50% level at 4824.00 will hit the radar. If the selling pressure persists at that point then the next objective will be the uptrend line at 4703.52.Six−SessionRallyShowsFirstSignsofWeakeningMomentumTradershavebeenbuyingstrengthormomentumsinceJanuary19whenthemarketgapped4703.52.Six-Session Rally Shows First Signs of Weakening MomentumTraders have been buying strength or momentum since January 19 when the market gapped 4642.97. Yesterda ...