XAU/USD quotes continue to move within a developing correction and bullish channel. At the time of publication of this forecast, the price of gold today is $4,425 per troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken above the area between the signal lines, indicating upward pressure from asset buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish correction in the gold price and a test of the support level near 4,395. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,505.
GOLD Forecast and XAU/USD Analysis for January 9, 2026
An additional signal favoring an increase 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. The potential for gold price growth on January 9, 2026, will be cancelled if prices fall and break below 4365. This will indicate a breakout of the support area and a continued decline in the asset’s price below 4305. Expect an acceleration in XAU/USD price growth with a breakout of the resistance area and a price close above 4455, which will indicate a breakout of the upper boundary of the downward correction channel.
GOLD Forecast and XAU/USD Analysis for January 9, 2026 suggests an attempt at a bearish price correction and a test of the support area near 4395. Subsequently, base metal prices are expected to continue rising with a target above 4505. A decline in the market price and a breakout of 4365 would cancel out this upward price movement in gold. This would indicate a continued decline in gold prices with a potential target below 4305.
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