Today, January 29, 2026, Gold (XAU) is in a historic, explosive rally, trading near $5,570. Driven by a weakening US Dollar and massive geopolitical tension, it recently cleared the $5,500 milestone. Technicals remain strongly bullish, though the extreme distance from moving averages suggests a "healthy breather" or consolidation is imminent.

Possible Next Move

The immediate trend remains upward toward $5,600. However, with the RSI showing overbought conditions, a short-term "liquidity grab" or pullback to retest the $5,500 level is highly probable before another leg up toward $5,800.

Trader's Cheat Sheet: Buy & Sell Zones
Professional traders are navigating these high-volatility liquidity zones:

Zone Type,Price Range,Trader Action
Major Resistance (Sell),"$5,680 – $5,700","Major ""take profit"" target; high risk of a sharp reversal here."
Immediate Resistance,"$5,580 – $5,610","Short-term supply; a break above this confirms the move to $5,800."
Immediate Support (Buy),"$5,500 – $5,510","""Aggressive Buy"" zone; the previous resistance now acting as a floor."
Major Support (Buy),"$5,410 – $5,445","The ""Institutional Reload"" zone; best value for long-term entries."

Warning: Gold is currently moving with "unparalleled ferocity." Use tight stop-losses near $5,400 to protect against a sudden "sell the news" correction.

#GoldBreaks$5,500 $XAUT ‌