empty
 
 
07.01.2026 06:13 AM
Trading Signals for GOLD for January 7-10, 2026: sell below $4,499 (21 SMA - 4/8 Murray)

This image is no longer relevant

Gold is trading around $4,469, falling after encountering strong resistance around the top of the uptrend channel at $4,499.

XAU/USD could continue its fall during the European session towards support at $4,414 (21 SMA). This level could give gold a technical rebound, and we could look for opportunities to take long positions, with a target at $4,500.

We must pay attention to the gap left by gold at the beginning of this week at about $4,327. So, we believe that in the coming days, gold could make a strong technical correction and cover this gap.

If gold finds good support around 4/8 Murray located at $4,375, it will be seen as an opportunity to take long positions with a target at $4,531.

The Eagle indicator is showing a bearish signal, although it is reaching oversold levels, so after a technical correction, the bullish cycle for gold could resume.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback