Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (11th - 16th January 2026)

Comex Gold ended the week with a +4% gain, closing at 4509 per ounce. Despite a mixed U.S. employment report showing fewer jobs added than expected, the unemployment rate fell, leading investors to anticipate Federal Reserve interest rate cuts later this year. Inflows into gold ETFs surged over 200% in December due to rising gold prices and safe-haven demand amid geopolitical tensions, including unrest in Iran and the ongoing conflict in Ukraine.

Some of the uncertainty is driving investors towards gold. The December jobs report revealed 50,000 new jobs, below the expected 73,000, and a declining unemployment rate of 4.4%. Markets expect at least two rate cuts this year, potentially affecting the strength of the dollar and pushing gold prices higher.

MCX Gold February contract has resumed its upside momentum after a short break last week, posting an incline of +2.30% and settling at 138,875. Gold prices resumed with a mild gap up this week, traded back & forth, and managed to settle on a positive note on Friday. Price has continued to trade in a rising channel formation and remained over its key moving averages i.e. 20, 50 and 100-DEMA levels placed at 135,836, 130,705 and 123,212 respectively.

Daily SAR is placed on a opposite side at 138,634. Along with a recent price rise, we have observed a long unwinding in OI and OI levels settled at 4,720 lots. RSI levels depleted marginally this week, closed near 60 on daily timeframe.

The overall trend in gold price is expected to be Moderately Bullish in the coming week and traders should keep an eye on key US economic data such as Inflation, PPI, Retail Sales and Unemployment claims which are scheduled to be released next week.

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Prediction given by Technical Research Team - Choice.