Daily Gold Analysis | Jan 8, 2026 (Thursday)
Hello, good day. Yesterday’s analysis worked like clockwork. From the exact point we identified, gold began its downward move. Although we saw two pullbacks that reached our entry point—and even slightly above it—the market eventually continued its decline, which is natural since the market needs to breathe.
Starting today, I’ll be analyzing on the broker’s chart because it provides more precise points on the 4-hour and daily timeframes. For example, look here; it made an exact pullback on the 4-hour chart and then continued its path (4454 level).
So, what’s the outlook for gold today? We don’t expect it to just drop straight down from here. The market needs to follow its natural trend. If we use a classic approach and draw a channel on the 5-minute timeframe (from the 4495 level), we can see it’s the most reasonable channel we can draw. As you can see, we are moving within this downward channel.
We can expect the market to push up a bit from where we are now (4426 level) and then continue its decline from this point (4431 level) or even from these areas (4451 level). At 4400, we have a breaker block. We can expect this block to support the market slightly, perhaps pushing it up to 4425 before it turns back down.
Overall, our primary outlook is bearish. On the 4-hour timeframe, the market is consistently pulling back to the 4-hour nodes before dropping. So, the expectation is a pullback to this 4-hour node (4420 level), followed by another pullback to this node (4446 level) before the next drop. Our next target is down here (4387 level), though we should be prepared for a potential reversal in any of these zones.
I personally manage two accounts: a swing trading account, where I took a sell from yesterday’s zone, and a scalping account. We secured a profit with the scalping account after yesterday’s live trade. Although I had to stop the stream early, we were in these zones (4445 level) when the market delivered a great move, and the position eventually hit its profit target.
If you’re a scalper, you might look for a quick long position here (4428 level). I’ve actually taken a long on this account right here, expecting the market to give some profit up to these zones (4440 level). From there, I’ll start looking for sell opportunities. You have to play along with the market, secure your profits, and make the most of it.
Stay happy and successful. We’ll see how the market performs by tomorrow’s analysis!
