XAU/USD quotes continue to move within a growing bullish channel. At the time of publication of this forecast, the price of gold today is $4,445 per troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken above the signal lines, indicating upward pressure from asset buyers and potential continued growth from current levels. At this point, we should expect an attempt at a bearish correction in the gold price and a test of the support level near 4380. From there, we should expect an upward rebound and continued growth in the gold price, with a potential target above 4555.
GOLD Forecast and XAU/USD Analysis for January 6, 2026
An additional signal favoring an uptrend in XAU/USD quotes will be a test of the bullish support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the ascending channel. A decline in gold prices and a breakout of 4345 would cancel the upward price scenario for January 6, 2026. This would indicate a breakout of the support area and a continued decline in the asset’s price below 4165. Acceleration in XAU/USD price growth is expected with a breakout of the resistance area and a price close above 4465.
GOLD Forecast and XAU/USD Analysis for January 6, 2026 suggests an attempt to develop a bearish price correction and a test of the support area near 4380. Subsequently, continued growth in base metal prices with a target above 4555. A decline in the asset’s market value and a breakout of 4345 would cancel the upward price scenario for gold. This would indicate a continued decline in the gold price with a potential target below 4165.
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