๐$XAU Update โ Jan 30, 2026
Gold price remains volatile after recent swings, with strong market reactions from global events. ๐ก
๐น Current trend: Gold has pulled back sharply from recent highs after a strong rally, showing significant selling pressure after reaching record peaks. Recent trading saw gold drop below major resistance and now testing lower levels on pullback momentum. ๏ฟฝ
The Guardian +1
๐น Market drivers:
โข Geopolitical tensions, crude oil strength, and shifts in investor sentiment have caused choppy gold price action. ๏ฟฝ
โข Mixed risk appetite as traders balance safe-haven buying with profit taking after extended gains.
The Guardian
๐น Support & resistance:
โข Support zone: watch ~5000 if downside continues (psychological level). ๏ฟฝ
โข Upside trigger: reclaiming above recent local highs would signal strength resumption.
๐น Short-term bias: Choppy to bearish/neutral as profit-taking persists, but gold is still well above major long-term reference levels. ๏ฟฝ
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