Daily Gold Analysis | Jan 19, 2026 (Monday)

Hello, today is January 19th, 2026, and let’s have an analysis of gold. Continuing yesterday’s analysis, exactly according to the first scenario we outlined, gold was able to break through this area (4507$) directly with a very strong gap and high momentum, even breaking through these zones (4652$) and giving us a new price. So, what exactly is going to happen to gold moving forward from this point in time?

Well, expecting it to turn back at this very stage, meaning right now, today, or tomorrow in this same phase, is unlikely. And expecting it to fill this gap is unreasonable because it started rising with a lot of strength. Right now, what we can expect is that it might come back to fill this gap (4620$-4600$), but more likely, since we’ve shown a breakout here (4602$), what could happen is that—I remove these arrows—it is quite possible that it could come today originating from this very specific area.(4668$)

Just take a look at this significant breakout right here (4644$), and from this point, we might actually witness another strong upward move in the price (4713$). If that does not occur, or if this specific scenario doesn’t happen as we anticipate, then we can certainly expect—let me draw a Fibonacci on the daily chart.

According to our daily Fibonacci, we can see that exactly from this area where gold is now, meaning this 46 to 999 zone, the movement could happen downward in the same way. So, there’s a possibility that we might see another top from the market right here (4669$), and then it could start its downward move. We have to see what happens today and make our trades according to the market trend.

So, we have two scenarios: the first scenario is that it starts its downward move from 161 and 80, and the second scenario will be this, that it comes here (4643$) and gets supported from this area to move upward. Wishing you happiness and success.