XAUUSD Technical Analysis 23rd January 2026 1h chart

XAUUSD Technical Anallysis 23rd January 2026 1h chart
– Gold has transitioned from a steady climb into an aggressive “price discovery” phase, with this Thursday, January 22, 2026, marking yet another milestone in its historic run. The yellow metal isn’t just rising; it is systematically dismantling long-standing resistance levels and setting new psychological benchmarks almost daily.

– I’ll be looking for potential Buys above 4950.000 targeting Potential Key Levels at 4975.000 and 5000s.


– I’ll be looking for potential Sells below 4911.000 targeting previous 4h Resistance at 4881.000 Leaving Runners to the previous Hourly Resistance formed at 4852.000.


– Gold has delivered a spectacular performance this week, evolving from a steady climb into an all-out bullish breakout. The big question on every trader’s mind right now is whether we will see the historic $5,000 mark before the closing bell this Friday.