Gold (XAUUSD) Sustains Firm Uptrend Backed By Expanding Momentum

Market Analysis – January 22

Gold (XAUUSD) sustains a firm uptrend backed by expanding momentum. XAUUSD remains positioned within a clearly established upward trend, supported by consistent trading above the rising short-term moving average near $4,650. Momentum conditions continue to favor the upside, with the MACD holding in positive territory and expanding, signaling strengthening participation rather than late-stage fatigue. The broader market structure reflects sustained institutional interest, as downside reactions remain shallow and quickly absorbed.

Gold Key Levels

Resistance Levels: $4600, $4800, $5200
Support Levels: $4400, $4200, $3900

Gold Long-Term Trend: Bullish

Gold has maintained a disciplined sequence of higher highs and higher lows following its breakout above the $4,200 and $4,400 zones. The brief consolidation around the $4,550–$4,600 region functioned as a demand reaccumulation phase, laying the groundwork for a continuation through the $4,700 and $4,800 levels. Acceptance above the former supply area near $4,800 reflects a clear shift in value perception and confirms sustained buyer dominance.

From a forward-looking perspective, continued acceptance above $4,700 preserves a constructive outlook, with upside potential extending toward the $5,200 region. Short-term pullbacks are expected to be absorbed within the $4,600–$4,500 band, aligning with prevailing forex signals and keeping the broader bullish structure intact. Only a decisive breakdown toward $4,400 would meaningfully challenge the current bias, a scenario that remains unsupported by present price behavior.

Gold Short-Term Trend: Bullish

Gold (XAUUSD) maintains a bullish structure on the four-hour chart, with price holding above the rising short-term moving average. The recent pullback appears corrective in nature, respecting prior breakout levels and preserving the formation of higher lows.

Momentum remains constructive, with the MACD holding in positive territory and signaling that underlying buying pressure remains intact. A sustained hold above the $4,700–$4,750 demand zone keeps scope open for continuation toward the psychological $5,000 level.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.