Bearish intraday reversal
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Gold (XAU/USD) Price Forecast: New Record $4,526 – Short-Term Weakness After Target
FX Empire· 2025-12-24 21:39
Measured Move CompletionIt is important to note that an initial short-term upside target at the 127.2% Fibonacci extension at $4,516 was satisfied. What quickly followed was a bearish intraday reversal and an indecisive close. This could lead to the first pullback following a breakout to record highs on Monday. Or it may lead to a pause before the $4,526 high is taken out. A 161.8% projected target at $4,578 is the next higher decision area. Above there is a price zone marked by two measures at $4,664 and $ ...