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Gold (XAU/USD) Price Forecast: Pullback Finds Support as Bull Trend Holds
FX Empire· 2026-01-16 21:49
Bullish Structure Reinforced by Successful Support TestThis is bullish behavior, as that price zone is the first anticipated support area for gold, and support has been seen. The market is confirming significance of the 10-day indicator and if gold remains above that line, the short-term trend is bullish. Friday’s low provides a possible minor swing low if it is sustained, and key short-term support along with the 10-day line.Upside Breakout Levels and Near-Term Resistance ZoneOn the upside, a decisive brea ...