FPG XAUUSD Market Report January 26, 2026

On the M30 timeframe, XAUUSD (Gold) has once again opened the week by printing a fresh All-Time High around 5049, continuing its exceptional bullish performance that has been in place since last week. This move was largely anticipated, as Gold has consistently formed new ATHs on an almost daily basis. Prior to the breakout, price experienced multiple rejections around the 4966 area, indicating temporary supply absorption. However, strong buying pressure emerged from the 4899 zone, triggering a sharp bullish rally that propelled Gold toward the new ATH. Currently, price is trading around 5047, hovering just below the recent peak, while volatility remains extremely elevated, suggesting that further upside extension and another ATH formation remain highly probable in the near term.

Technically, Gold remains firmly entrenched within a strong bullish structure. Price continues to trade above its rising trend channel and stays close to the upper Bollinger Band, highlighting persistent bullish momentum rather than distribution. The MACD (12,26,9) remains in positive territory, with the histogram expanding again after a brief pullback, signaling renewed upside momentum. At the same time, Bulls Power (13) has climbed to around 44.76, reflecting strong and accelerating buying pressure. Although price is trading at historically extreme levels, there are currently no clear reversal signals on the M30 timeframe, keeping the broader bullish bias intact.

Momentum conditions remain decisively bullish, supported by strong impulsive candles and shallow corrective phases. However, given the proximity to record highs and stretched momentum readings, intraday volatility is expected to stay elevated. Short-term pullbacks or consolidation phases are possible, but as long as price holds above key demand zones, these moves are likely to be corrective rather than trend-reversing. From a broader perspective, Golds price action continues to reflect strong safe-haven demand amid ongoing global geopolitical tensions and sustained USD weakness, reinforcing the bullish outlook.

Market Observation & Strategy Advice

1. Current Position: XAUUSD is trading around 5047, consolidating just below the latest ATH at 5049.

2. Resistance Zone: Immediate resistance sits at 5049, with upside extension potential beyond this level, as no historical resistance exists above the ATH.

3. Support Zone: The nearest intraday support is located around 4966–4899, which previously acted as a strong demand base.

4. Indicators: MACD (12,26,9) remains bullish, while Bulls Power (13) at 44.76 confirms strong upside momentum. Elevated volatility conditions favor trend-following strategies with disciplined risk management.

5. Trading Strategy Suggestions:

• Trend Continuation: Look for buy-on-dips opportunities near 4966 or trendline support if bullish rejection patterns appear.

• Breakout Strategy: A sustained M30 close above 5049 may open the door for rapid upside expansion into uncharted territory.

• Risk Management: Avoid aggressive chasing near the ATH; consider scaling entries and tightening stops due to extreme volatility.

Market Performance:

Precious Metals Last Price % Change

XPTUSD 2,758.35 +0.87%

XAGUSD 107.1451 +3.64%

Today's Key Economic Calendar:

DE: Ifo Business Climate

US: Chicago Fed National Activity Index

US: Durable Goods Orders Ex Transportation MoM

US: Durable Goods Orders MoM

US: Dallas Fed Manufacturing Index

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.