Gold's ($XAU) $5,000 Siege: What to Expect Next Week 🚀
This analysis forecasts Gold's opening session for Monday, January 26th. Last week concluded with Gold at a record high, nearing a critical psychological threshold.
📈 **Market Close Overview (Jan 23rd-24th)**
Spot Gold $XAU hit a new all-time high near $4,989.88/oz, settling between $4,950-$4,980/oz. A monumental week indeed.
🔮 **Monday's Opening Forecast (Jan 26th)**
Based on real-time data, two primary scenarios are anticipated for Monday:
**1. $5,000 "Gap Up" (65% Probability)**
Should geopolitical tensions persist over the weekend, Gold could open above $5,000/oz. This would trigger significant buy stop orders, pushing prices to $5,050-$5,100 early Monday.
**2. Technical Correction (35% Probability)**
Having neared $5,000 without a decisive break, short-term investors might take profits. Prices could correct towards the $4,900-$4,920 support zone. This "shake-out" builds momentum for a sustainable climb.
💡 **Key Influencing Factors**
- **Geopolitics:** US-EU framework agreement developments at Davos are key. Any breakdown could fuel gold prices.
- **Central Bank Demand:** Emerging market central banks continue vigorous gold accumulation, creating a solid price floor.
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Personal insights, not financial advice | DYOR
#GOLD #XAU
