Gold is ending the trading week with a strong rally near the 4509 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate an uptrend in gold. Prices have broken above the signal lines, indicating buying pressure and potential further price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 4235 area. Further upward price rebounds and continued growth in XAUUSD this trading week, with a potential target above 5165.
GOLD Weekly Forecast XAU/USD January 12 – 16, 2026
An additional signal favoring growth in gold quotes and prices this trading week (January 12-16, 2026) will be a rebound from the bullish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 3945 area will cancel the upward trend in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 3785. A breakout of the resistance area and a close above 4705 will confirm the asset’s price growth.
GOLD Weekly Forecast XAU/USD January 12 – 16, 2026 suggests an attempt to develop a bearish correction and test the support level near 4235. Then, gold prices will continue to rise with a target above 5165. A test of the trendline on the relative strength indicator (RSI) will support the upward trend. A decline and a breakout of 3945 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3785.
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