1. Summary of price and performance today January 6 (2026)
Instant trend: The currency is experiencing slight fluctuations leaning towards stability after strong increases seen at the beginning of the year 2026.
Gold correlation: The price is still closely linked to the actual price of an ounce of gold, which recorded record numbers at the beginning of this year, exceeding the barrier of $4,450.
2. Technical analysis
Technical indicators: Most indicators like RSI and MACD give a "strong buy" signal on the daily timeframe.
Moving averages: The price trades above the main moving averages (20, 50, 100, 200 days), confirming the continuation of upward momentum.
Support and resistance levels
Next resistance: Located at $4,481, Fibonacci level 23.6%.
Key support: Located at $4,338, then the $3,946 area (200-day average).
3 Market drivers
Monetary policy: Expectations for interest rate cuts by the US Federal Reserve and weak economic data support demand for gold as a hedge.
Institutional demand: Trading activity on PAXG has increased by over 200% in recent days, reflecting a shift towards assets that are actually backed by digital currencies.
Inflation: Markets are awaiting US inflation data (CPI) on January 8, which could cause further price volatility.
