Gold (XAU/USD) Shatters All Time Highs Technical and Fundamental Analysis Jan 22, 2026
Hello Steemit community. Today we are witnessing a historic moment in the financial markets as Gold (XAU/USD) has reached a new record high, touching approximately $4,917 per ounce.
As shown in my TradingView chart above, Gold has seen a massive surge of +2.45% today.
We see a strong bullish breakout from the previous resistance levels.
There was a significant spike in trading volume between 12:00 and 18:00 UTC, indicating strong institutional buying.
The price is hovering around $4,915.660 as of my last update.
Fundamental Drivers
Several key factors are pushing Gold to these astronomical levels
The escalation of trade war fears between the US and Europe regarding Greenland has triggered a Flight to Safety. Investors are moving capital into Gold to protect themselves from market turmoil.
The US Dollar Index (DXY) dropped by 0.4% today, making Gold cheaper for international buyers.
Central banks worldwide are buying record amounts of gold as part of a de dollarization strategy.
With the current momentum, if Gold stays above the $4,900 support level, we might see even higher targets in the second half of 2026.
Disclaimer
This is purely market observation and educational content not financial advice. Gold and CFD trading involve high risk always do your own research use proper risk management, and never trade with money you can't afford to lose.
