$XAU
DAILY CHART ANALYSIS OF GOLD
Primary Trend = Strongly Bullish:
The chart shows a steep, parabolic upward trajectory starting from a low of ~4,280 in late December 2025 to a high of ~5,110 in late January 2026.
Moving Averages (MA)
MA(7) - The price is holding well above the 7-day Moving Average. This indicates very strong short-term momentum. As long as the price stays above this yellow line, the aggressive uptrend is intact.
MA(25) - There is a wide gap between the current price and the 25-day Moving Average. This suggests the asset is overbought. Historically, price tends to eventually revert to the mean (the MA lines), so a pullback to the 4,700–4,900 range wouldn't be unusual to "cool off" the indicators.
Support Levels:
Immediate Support: ~4,980 (The MA(7) line).
Psychological Support: 5,000.
Major Support: ~4,670 (The MA(25) line).
Summary:
The chart shows Gold in a parabolic run. While the trend is undeniably bullish, the steep angle of the ascent and the distance from the MA(25) suggest a correction or a period of sideways consolidation is likely in the near future to stabilize the price.
Bullish Scenario: If price breaks and closes above 5,110, the parabolic run continues, likely entering price discovery mode.
Bearish/Correction Scenario: If price loses the 4,980 level (MA7), expect a drop toward the 4,700 region.
This is my personal opinion, not financial advice.