Daily Gold Analysis | Jan 20, 2026 (Tuesday)
Hello, let’s do the daily gold analysis. Today is January 20th, 2026, and gold moved upward exactly as we predicted in our analysis, and it even climbed significantly higher than that. That is exactly what we fully anticipated would happen. But now we must consider, what specific decision should we make regarding the current market?
Well, on the daily time frame, what a remarkably strange and highly unusual move we saw from the gold market prices today. This specific move is very likely to persist throughout the upcoming sessions. That is, for now, there’s nothing on the daily chart that could stop gold. We can see we had a triangle pattern that we broke to the upside, but, and naturally, we can expect a move that is equivalent in size to the flagpole of that triangle.
Which, from this area (4186$), you could say in a way we can expect… from this area, if we want to consider just this, we can set the minimum price from here (4700$). If we want to take it into account, we can expect a minimum price of $5,100 for gold. But of course, it’s not like we’re going to start from right here to go long in the market and wait for a further price increase. No, this is the daily time frame; we need to move to a shorter time frame and try to do our own analysis and trades there.
Right here (4380$), I’m drawing a Fibonacci from our previous high to low, and what we see here is that the 141% level (4600$), just as we expected, acted as support. Now, our next support could be the 161% Fibonacci level (4686$), meaning this area (4640$), This could serve as support for us for a price increase. After that, the prices we can expect to see are these prices: we can activate all the Fibonacci levels and anticipate them up to the 200% (4873$), Fibonacci, 227% (5002$), and 261% (5179$). If Fibonacci eventually reaches its end, and gold… for now, what we expect for gold is a bullish trend.
In fact, we can say that there is no sign of gold turning bearish on the chart. We don’t see it right now, unless, for example, we see this support level break (4721$), or we see the supports breaking and with a sharp move gold wants to break down. Then that’s when we decide that, yes, the market is turning bearish.
But overall, the nature of gold is bullish. So what do we expect? We can take long positions on gold in these areas (4685$). In this area, if it breaks down here, we can just keep this area in mind, though I doubt it will reach here. What I personally expect is for gold to come down to this area (4685$). Right now, I’m neither taking a sell nor a buy position here because if I buy, there’s a chance it could drop and take me out; I’d end up in a loss. If I sell, there’s a chance it might, for example, come up from there—730, 740—it could drop from these areas. That’s why I’m not making any moves here.
That’s also why it’s very clear and obvious that if you look at the volume, if you enable it, you’ll see that right now, especially compared to here, the market volume is very, very low. Yesterday was a US bank holiday and today, as you can see, there’s really not much difference from a bank holiday in the US because right now no one is expecting anything here. A real trader who actually has money in hand doesn’t expect the market to suddenly go up from here (4721$), nor does he expect it to suddenly drop from here. That’s why our expectation is for the market to come into these areas (4685$), so that we can find some support in the market from here.
