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Gold (XAU/USD) Price Forecast: Upswing Strengthens as New Highs Near
FX Empire· 2026-01-09 21:54
10-Day Average Holds as Dynamic SupportFriday’s advance followed a minor pullback to test support near the 10-day average, after it was reclaimed on the first day of the year. That low developed into a minor higher swing low as of today. This is bullish behavior that shows the integrity of the trend and the potential to break out above the $4,500 record high if support levels are held. It would help to see some improvement in momentum now that support at the 10-day average was tested and a new high for the ...