Gold Technical Analysis Report 6 January, 2026
Given the strong long-term uptrend and the accelerating daily Momentum, BTC cryptocurrency can be expected to rise further to the next resistance level 4540.00 (top of the previous impulse wave iii).
- Gold reversed from support zone
- Likely to rise to resistance level 4540.00
recently reversed up with the daily Japanese candlesticks pattern Doji from the support zone between the key support level 4340.00 (former monthly high from October, as can be viewn from the daily Gold chart below), 20-day moving average and the 38.2% Fibonacci correction of the previous upward impulse from the end of October. The upward reversal from this support zone serrated the active short-term impulse wave 3. The active impulse wave 3 belongs to the strong multi-month impulse wave (3) from May.
Given the strong long-term uptrend and the accelerating daily Momentum, BTC cryptocurrency can be expected to rise further to the next resistance level 4540.00 (top of the previous impulse wave iii).
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