Gold (XAU/USD) Price Forecast: New Record High Confirms Bull Trend
FX Empire·2026-01-14 21:43
Post-Breakout Pullback Confirms Trend StrengthThe first pullback following a base breakout in December above $4,381, 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 $4,664 to $4,713, where three target levels show from ...