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XAU/USD Gold Forecast on January 26

At the time of the publication of this forecast for the GOLD / USD rate on 01/26/2021, the gold futures quotes show a mark of $ 1,855 per troy ounce.

XAU / USD quotes are inside the Ichimoku cloud, which signals a sideways trend and uncertainty in the commodity position.

The resistance level for the gold rate is the area of ​​1860-1880. Breaking this area and consolidating the XAUUSD gold rate above will open the way to the level of 1880, and further up to 1920.

XAU/USD Gold Forecast on January 26

The support level for gold is at 1820-1830. There may be a short news testing of this area, before breaking through the Ichimoku cloud from the bottom up and trying to update the GOLD USD maximum.

Thus, the forecast for the XAU / USD rate for January 26 assumes an attempt to test the support level, after which a rise to levels above $ 1880 is possible. Cancellation of the forecast will be the breakdown of the Ichimoku cloud down.

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