XAUUSD Technical Analysis 8th January 2026 1h chart

XAUUSD Technical Analysis 8th January 2026 1h chart
– Gold prices took a breather during Wednesday’s session, retreating from early attempts to reclaim the $4,500 psychological level. After a breakneck rally to start 2026, the metal slipped roughly 1% to trade near $4,460 as price formed Daily Resistance at 4495.000

– I’ll be looking for potential Buys on clean break above 4469.000 targeting 4h Resistance at 4495.000 Leaving Runners to the Hourly Resistance formed at 4520.000.


– I’ll be looking for potential Sells below 4444.000 targeting 4h Support formed at 4417.000 Leaving Runners to the 4h Rejection formed at 4395.000.


– Looking ahead, the market’s attention now shifts to Friday’s Non-Farm Payrolls (NFP) report. traders should keep a close eye on the $4,500 level to see if sellers can continue to defend this key psychological barrier.