XAUUSD Technical Analysis 5th January 2026 1h chart

XAUUSD Technical Analysis 5th January 2026 1h chart
– December 2025 concluded with a strong Bullish monthly close, with Gold surging more than 60% year-to-date to achieve its best annual performance since 1979. However, after reaching a record peak above $4,500 in late December, the market has seen significant volatility. The last weekly candle had a huge pullback from those record highs, forming a major area of weekly resistance. Friday’s session closed weak Bullish, with price action remaining trapped within the recent daily range as the new year begins.

– I’ll be looking for potential Buys on a clean break above 4347.000 targeting 30min Resistance at 4370.000 Leaving Runners to the Hourly Resistance formed at 4395.000.

– I’ll be looking for potential Sells below 4310.000 targeting 4h Support at 4285.000 Leaving Runners to the 4h Rejection formed on December 2025 around 4257.000.

– As we enter the first full trading week of 2026, Gold is at a critical crossroads. The geopolitical shock over the weekend following the U.S. military operation in Venezuela and the capture of President Maduro has significantly revived safe-haven demand. With Venezuela holding South America’s largest gold reserves (estimated at 161 metric tonnes), this instability is a massive catalyst for the metal. The market is now deciding whether to gather momentum for a continuation of the December trend or remain confined within its existing range after the recent weekly rejection.