Surprisingly, his words pushed the dollar to its lowest level since February 2022. Therefore, the weaker dollar made Gold more attractive for investors looking for safe-haven assets.

Normally, a strong dollar attracts safe-haven buyers, but this time the dollar’s drop actually gave a boost to the Gold prices. Traders are now considering the weaker dollar as one of the main reasons behind Gold rise.

Geopolitical Tensions Boost Safe-Haven Demand

Apart from the weaker dollar, ongoing geopolitical tensions was seen as another key factor that helped gold to reach all time high. As we know, President Trump  recently threatened to take control of Greenland, impose tariffs on Europe. He also warned that Canada could face 100% tariffs if it signs a trade deal with China. As a result, demand for Gold, seen as a safe-haven asset, has increased significantly.

Fed Decision in Focus for Markets

On the other hand, investors are closely watching the Federal Reserve’s interest rate decision scheduled on Wednesday. However, the Fed is expected to keep interest rates unchanged in the 3.50% to 3.75% range after cutting rates at three straight meetings late last year.

Hence, markets will pay close attention to Fed Chair Jerome Powell’s press conference. Any hawkish signals could limit further losses in the US dollar and weigh on Gold prices. In contrast to this, any dovish remarks could extend Gold’s rally even further.

Gold Price Forecast: XAU/USD Holds $5,235 as Bullish Channel Targets $5,410 Next

Natural gas price repeatedly provided negative close below the broken support at $4.100 level, forming a new resistance against the current trading, and stochastic attempt to provide negative momentum by reaching below 50 level will force the price to form new bearish waves, reaching $3.450 and surpassing it might force it to decline towards $3.220, to test high liquidity grab zones.

While the rally above $4.100 and providing bullish close will increase the chances of forming new bullish waves, to attempt to reach $3.370 initially, then waiting for targeting %38.2 Fibonacci correction level near $4.750.

The expected trading range for today is between $3.450 and $4.100

Trend forecast: Bearish

Copper price reached $5.9700 level yesterday to settle below it, affected by the continuation of the contradiction between the main indicators, especially by stochastic exit from the overbought level, which forces it to fluctuate in sideways range by its stability near $5.8300.

We expect the price to be affected by a state of instability due to the ongoing divergence of the main indicators, despite the presence of an opportunity to edge toward $5,720.00. However, exposure to negative pressure may force it to retest the solid support near $5,510.00, while surpassing this level and holding above it will reinforce the chances of recording new gains that might extend towards $6.1200 and $6.2400.

The expected trading range for today is between $5.7500 and $6.000

Trend forecast: Fluctuating

Created on January 27, 2026

Today’s Gold Analysis Overview:

• The overall Gold Trend: Strongly bullish.
• Today’s Gold Support Points: $5,000 – $4,920 – $4,830 per ounce.
• Today’s Gold Resistance Points: $5,100 – $5,210 – $5,300 per ounce.

Today’s Gold Trading Signals:

• Sell gold from the resistance level of $5,140 with a target of $4,800 and a stop-loss at $5,220.
• Buy gold from the support level of $4,920 with a target of $5,200 and a stop-loss at $4,870.

Technical Analysis of Gold Price (XAU/USD) Today:

Gold prices have surged past the $5,000 per ounce threshold, driven by global market volatility fueling a historic rally. According to gold trading platforms, prices continued their ascent, crossing the $5,000 mark for the first time in history and reaching a resistance peak of $5,111 before stabilizing near $5,000 at the start of Tuesday’s session. This movement confirms the bulls’ strong grip on the current trend.

Per analyst forecasts, the gold index gains are fueled by escalating geopolitical tensions and increased investor appetite for “safe haven” assets amid financial concerns in major economies. This surge represents one of the most significant long-term achievements in the history of precious metals trading, bolstering gains that have lifted prices by more than 17% since the beginning of the year.

Silver and other precious metals also reached record highs in tandem with gold’s rise, underscoring the overall strength of the sector as the US dollar weakened against major currencies. Factors contributing to this remarkable rise in gold include persistent macroeconomic uncertainty, unclear central bank policies, and escalating geopolitical tensions. Consequently, many institutional investors have increasingly allocated their capital to gold as a hedge against inflationary pressures and potential monetary instability.

While forecasts from late last year predicted gold would approach or cross $5,000 in 2026, breaking this psychological and technical barrier now represents a significant acceleration of those expectations. Commodity analysts will be watching closely to see if risk sentiment continues to support prices at these record levels, or if profit-taking and shifts in general financial conditions will trigger a pullback. Regardless, gold surpassing $5,000 is a defining moment for the precious metals market, reflecting the growing influence of macroeconomic forces reshaping commodity markets in early 2026.

As previously noted, gold investors appear indifferent to technical indicators reaching “strongly overbought” levels; their focus remains on the persistent fundamental factors strengthening the market. However, it is worth noting that a de-escalation of global tensions could provide the most immediate catalyst for a round of profit-taking selloffs.

Trading Advice:

Dear TradersUp trader, we still recommend investing in gold. Generally, the current momentum suggests a buy advantage on dips as long as the price remains above key support levels.

Ready to trade today’s Gold prediction? Here’s a list of some of the best XAU/USD brokers to check out.

Natural gas price reached $6.150 level yesterday, facing strong negative pressures, which forces it to lose its gains by surpassing the bullish channel’s levels and its stability below $4.100 support.

All that confirms that the price enters a state of instability, to suggest the neutrality until confirm the main trend in the upcoming trading, note that the price attempt to decline below $3.450 level might force it to suffer new losses by targeting 61.8%Fibonacci corrective level at $3.030, while regaining the bullish bias requires providing a new daily close above $4.220 level.

The expected trading range for today is between $3.450 and $4.250

Trend forecast: Neutral

Copper price reached $5.9700 level yesterday to settle below it, affected by the continuation of the contradiction between the main indicators, especially by stochastic exit from the overbought level, which forces it to fluctuate in sideways range by its stability near $5.8300.

We expect the price to be affected by a state of instability due to the ongoing divergence of the main indicators, despite the presence of an opportunity to edge toward $5,720.00. However, exposure to negative pressure may force it to retest the solid support near $5,510.00, while surpassing this level and holding above it will reinforce the chances of recording new gains that might extend towards $6.1200 and $6.2400.

The expected trading range for today is between $5.7500 and $6.000

Trend forecast: Fluctuating