Candlestick pattern analysis
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Gold (XAU/USD) Price Forecast: Bull Trend Holds Above Key Averages
FX Empire· 2026-01-08 22:04
Bullish Trend Structure Remains IntactGold remains clearly bullish, with a bounce off the 10-day average providing a short-term indication that the buyers remain in charge. Key support is at the recent low of $4,274 as it generated a higher swing low. Remaining above the 10-day line will show sustained short-term strength but a pullback to potential support near the 20-day average, currently at $4,377, would not change the bullish posture. It is just that holding above the 10-day average shows slightly more ...