#GOLD #XAUUSD

Gold (XAUUSD) – 1H

Technical & Fundamental Outlook

Date: Jan 27, 2026 → Forecast for Jan 28, 2026

📊 1-Hour Technical Analysis

Gold price brakes high and traded above $5,014, supported by strong bullish momentum from prior sessions. The overall structure remains bullish, with clear higher highs and higher lows, holding well above the $5,000 psychological level.

Key Supports:

Immediate: $5,111
Major: $4,990

Momentum indicators show slightly reduced volume and open interest, signalling mild profit-taking near highs rather than trend reversal. Short-term sentiment remains bullish.

Technical Summary:

✔ Strong uptrend intact
✔ Bullish continuation favoured above key supports

📈 Fundamental Analysis

Gold remains fundamentally supported by:

Ongoing safe-haven demand amid geopolitical and trade tensions
A weak U.S. dollar, boosting global demand Inflation concerns and monetary policy uncertainty ahead of key central bank decisions
Continued central bank buying and ETF inflows

Risk: Sudden geopolitical easing or strong USD recovery could trigger short-term corrections.

🔮 Outlook for Jan 28, 2026

Bias: Bullish

Upside Scenario:

Holding above $4,990 and a breakout above $5,311 could drive price toward new record highs.
Downside Scenario (Lower Probability):

Failure to hold above support may lead to a pullback toward $4,990–$5,000, where buyers are expected to step in.
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