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Friday, 9 January 2026
Gold price forecasts today suggest continued trading above key support levels, with clear attempts to resume the upward trend. Investors are closely monitoring technical resistance levels alongside U.S. dollar movements and global inflation developments.
Gold prices today continue to trade above the key support level at $4,450 per ounce, reinforcing a positive short-term technical outlook.
The first major resistance level stands at $4,502. A breakout above this level could accelerate gains toward the next resistance near $4,537 per ounce.
On the downside, a move below the daily pivot at $4,430 may lead gold prices to test support levels at $4,391, followed by a stronger support zone around $4,355.
From a technical perspective, gold’s overall trend remains bullish as long as prices stay above the main support area.
Fundamentally, gold prices are influenced by U.S. dollar strength, as markets await key U.S. employment data and its impact on interest rate expectations.
Economic forecasts point to a modest slowdown in job growth, which could weaken the dollar and provide support for gold prices if rate expectations shift.
Globally, rising consumer inflation in China to a three-year high has increased demand for gold as an inflation hedge and safe-haven asset.
Additionally, geopolitical tensions and concerns over global energy supply disruptions continue to enhance gold’s appeal during periods of economic uncertainty.