FX.co ★ XAU/USD, GOLD

I am looking at the gold charts right now. The market is very active today. I see XAU/USD holding steady above the important five thousand dollar mark. Buyers are defending this level with high volume. The price action feels very strong to me. I am tracking every movement to find the best trading opportunity. It looks like a breakout is ready to happen again. The global economy is currently navigating a period of intense transformation in early 2026, which has turned gold into the primary focus for investors worldwide as the metal transitions from a simple inflation hedge into a direct play against currency instability. I notice that the United States is facing a unique challenge where the dollar is losing its traditional dominance in global trade settlements, and as more nations move toward alternative payment systems, gold is filling the void as the ultimate neutral asset. This structural change is why the price has stayed so high despite elevated interest rates, and I am also seeing a massive wave of central bank buying from emerging markets that creates a solid floor for the market. I believe this fundamental shift is the most important factor to watch, especially with the Federal Reserve policy meeting today, January 28, 2026, where any concern about a slowing economy could trigger a massive surge. I am keeping a very close watch on the upcoming US Gross Domestic Product data and the weekly jobless claims, as these catalysts will drive the volatility needed for the next major move. I have analyzed the recent H4 candlestick patterns to get a clearer picture of the immediate trend, observing that the price recently reached an all-time high of 5,111.23 before entering a technical consolidation phase. I am currently watching a Bullish Harami pattern that formed on the H4 chart after a minor dip to 5,006.32, which tells me that selling pressure is exhausted near the 5,000 psychological support. I also identified a Bearish Marubozu near the 5,100 resistance, which explains the recent pullback and shows a heavy supply of gold at that level, keeping the current trading range tightly defined. My strategy involves watching for a strong Bullish Engulfing candle to close above 5,085 as a signal that the breakout has truly begun toward the next targets.

The technical architecture of the gold market remains firmly bullish as I see the price trading well above the 50-period and 200-period Moving Averages on the H4 timeframe, but I am now refining my entry using the M15 chart for maximum precision. I observe that on the M15 timeframe, gold has formed a series of Fair Value Gaps during its latest impulsive move, indicating an imbalance that aggressive institutional buyers are eager to fill. I have detected a local high at 5,111.76 and a recent low at 5,002.86, with the current price hovering near 5,088 as it forms a classic bull flag on this shorter interval. My refined entry point is now set at 5,075, which aligns with the M15 50-period Exponential Moving Average and the 23.6 percent Fibonacci retracement of the daily range. For this high-frequency setup, I am watching the MACD on the M15 chart for a bullish crossover below the zero line, which would signal the end of the current micro-correction. I have placed my primary stop-loss at 5,048 to stay clear of the M15 liquidity sweeps, and my first intraday exit is the 5,111 resistance, followed by a major extension target at 5,180. The Fibonacci tools suggest that if the 5,075 level holds during the London-New York overlap, the next mathematical expansion targets the 5,215 zone as we head into the Federal Reserve announcement. I am seeing increasing volume on the M15 bullish candles compared to the bearish ones, suggesting that "smart money" is positioning for a breakout above the 5,111 all-time high. This M15 structure provides a much tighter risk-to-reward ratio than the higher timeframes, allowing me to scale into the position as momentum confirms. I will remain disciplined, watching for a 15-minute bullish engulfing candle at 5,075 to trigger my buy-limit orders. The combination of this micro-level precision and the broader H4 bullish trend creates a powerful synergy for today’s trading session. I am fully prepared to capitalize on this price discovery phase as the market attempts to set a new record high before the day ends.