Gold Wave Analysis – 5 January 2026

Gold: ⬆️ Buy

– Gold reversed from support zone

– Likely to rise to resistance level 4500.00

Gold recently reversed up from the support zone between the support level 4360,00 (former strong resistance from October) and the support trendline of the daily up channel from October.

This support zone was further strengthened by the 20-day moving average and the 38.2% Fibonacci correction of the earlier upward impulse from October.

Given the strong daily uptrend, Gold can be expected to rise to the next resistance level 4500.00

Source: https://fxpro.news