- January 9, 2026
- Posted by: EWGFX
- Category: Technical analysis
Gold is showing bullish price action on the 15-minute timeframe, with a clear higher high and higher low structure, indicating strong short-term buying pressure. Price is holding above key intraday support, suggesting buyers remain in control.
The recent pullback appears corrective, followed by a strong reaction from demand, which supports the idea of trend continuation. As long as price holds above the highlighted support zone, the bullish bias remains valid, with upside potential toward previous highs and nearby liquidity levels.
A strong bullish close with increasing volume would further confirm continuation. Loss of structure would invalidate the setup.
Bias: Bullish
Timeframe: 15M
Note: Always wait for confirmation and apply proper risk management. This is not financial advice.