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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 $5111.51 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 $5111.51 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-Session Rally Shows First Signs of Weakening MomentumTraders have been buying strength or momentum since January 19 when the market gapped $4642.97. Yesterda ...