XAUUSD breaks records: a gold boom amid global instability
After hitting a new all-time high, XAUUSD prices are forming a corrective wave and trading around 4,670 USD. Find more details in our analysis for 19 January 2026.
XAUUSD technical analysis
On the H4 chart, XAUUSD prices formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, quotes may continue to form an upward wave following the pattern signal. Given that XAUUSD quotes remain within an ascending channel, the upside target may stand at the 4,730 USD level.
Geopolitical factors continue to support stable demand for gold.
Read more - Gold Forecast
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