Gold (XAU/USD) Price Forecast: Rally Extends to Fresh Highs as Buyers Maintain Control
FX Empire·2025-12-26 21:40

Momentum Slows Near Key Extension LevelDespite new record highs, a slowdown in momentum is indicated by the three narrow range days at the top of the trend. Friday’s advance broke above a 127.2% extension target at 4,516.Thatwasapotentialresistancezone,butitonlystalledtheascentbyacoupleofdays.A161.84,516. That was a potential resistance zone, but it only stalled the ascent by a couple of days. A 161.8% measured move projection (AB = 161.8% of price change in initial AB leg) is next in line at 4,578 as a possible upside target. However, given a breakout above the 127.2% extension, the 161. ...