Daily Gold Analysis | Jan 15, 2026 (Thursday)
Hello, let’s analyze Gold. Today is January 15th, 2026, and I’ve set an alert for myself here (4588$). I want to tell you the reason why I set this alert and why I want to wait until the market reaches this point before making my decision.
So, what exactly are we seeing here? If you open up the daily time frame chart and carefully examine the previous daily price move—by drawing a Fibonacci on the previous move—you’ll see that the market has reached this area twice and then pulled back. It has pulled back to the 4,588 area twice, which corresponds to the 1.414 Fibonacci level.
We are not concerned with the fact that it hasn’t given us a full pullback to this point yet(4517$); this could be a potential pullback point or it might not be. If we check the 1-hour time frame, we still haven’t seen a pullback to this area, but this could actually happen in the next phase of the market.
Today at 9:30 AM Dubai time, the market started its bullish movement(4600$). If we draw a Fibonacci from our previous high (4640$), it retraced exactly 50%. My expectation is that the market will come down to between the 23% and 38% levels. The Fibonacci here (4617$) should show support and move upwards to between 50% and 61%. Then, we might see another drop, ultimately aiming for a pullback to the trend line of this channel. We need to watch this breakout point at 4,588.
What happens if it reaches that point? Either the market finds support and we go long (buy), or if we see it breaking this point downward, we should expect the market to continue declining toward the 4,520 area.
If the market continues its upward move from here (4588$) and we miss out, we can simply wait. If the market breaks the previous high with significant volume and goes up to 4,642, then we can easily ride the trend toward higher targets. My ultimate expectation for this market is a move up to $4,750.
This is the decision we can make right now: wait and see what happens. We need to be patient and not rush at all. The market is currently not in a position where we should hurry, nor is it a good time to trade until it reaches these specific levels.
Wishing you happiness and success.
