## Gold Soars to a Historic $4,601 | Gold Price Analysis and Technical Chart XAUUSD - January 12, 2026

Gold (XAUUSD) records a new historic milestone today in the financial markets. When the All-Time High phenomenon at $4,601 per ounce appeared in the Asian morning session, this push was driven by a combination of political confidence crises, expanded economic data, and escalating geopolitical tensions worldwide.

### Red flag from the US labor market

The factor prompting the market to shift into safe-haven assets this morning began with December’s non-farm employment data (NFP), which showed only 50,000 jobs, below market expectations of 60,000 jobs.

More concerning than the monthly figure is the revision of previous data. November’s figure was revised downward from 64,000 to 56,000, and October’s figure was revised from -105,000 to -173,000. The net labor market loss over these three months is greater than reported by the media.

The unemployment rate remaining at 4.4% seems positive, but the trend chart is already under the surface. The decelerating employment momentum signals that the US economy is clearly entering a slowdown phase. Chairman Powell and the Fed team have no choice but to cut interest rates in 2026.

### Political confidence crisis shakes gold prices

But what causes the market chaos the most is not just economic figures but news that shakes the US financial sector: the Department of Justice has begun a criminal investigation into Federal Reserve Chairman Jerome Powell.

The US central financial institution has never experienced an event where the moral compass is questioned at the core of the trusted institution. From an institutional investor’s perspective, the independence of the central bank is a pillar supporting the credibility of the US dollar.

If monetary policy is influenced by political interference or manipulated for short-term benefits, the resulting risk of runaway inflation increases. This high uncertainty drives investors toward “risk-free assets,” which is gold.

### Geopolitical tensions add more fuel

Alongside internal US crises, the global geopolitical landscape is fostering several tensions:

**Mettowind Region**: US military measures against Iran are intensifying.

**Arctic Security**: the UK and Germany announced plans to bolster military presence in the Arctic to balance the security posture of the Siamese capital.

**Latin America**: unrest has revived from recent arrests.

All these simmering points combine to create a “risk premium” for gold, keeping buying pressure strong even as prices continue to rise.

### Deep dive into historical gold charts: breaking above 4,600 surpasses one key level

Analyzing the past month’s gold prices, the price tested the support level around $4,433 (Fibonacci Extension 127.2%) before rebounding. The rebound from that level generated profits of several hundred dollars for traders who recorded it.

When the price surged over $160 (from the base of $4,433 to $4,601) on the H4 chart (4-hour), the latest candle displayed a Big White Candle with a long body, indicating strong buying pressure. The moving averages (EMA) are perfectly aligned from bottom to top, signaling a dominant bullish trend.

The Stochastic RSI indicator entered the overbought zone (Overbought), but in a strong trend, indicators often stay in the upper region with prices refusing to fall. This “Super Cycle” phenomenon indicates that “buyers have a complete advantage.”

### Current trading approach

**For those holding long positions from 4,433:**
It is recommended to “let profits run” by moving the (Trailing Stop) to lock in profits around $4,550, protecting gains against rapid reversals.

**For those waiting to re-enter:**
Avoid chasing the price at the All-Time High. Instead, wait for the price to test support at $4,555–$4,560 and form a reversal candle, which would be a better entry point (Good risk-reward ratio), with an initial stop-loss at $4,620.

### Market outlook for the next 24 hours

**Bullish continuation (High probability):**
Prices may pause within the 4,580–4,600 range to cool off, then a new buying wave could push through $4,601 toward a target of $4,620, supported by ongoing geopolitical concerns.

**Profit-taking correction scenario:**
If the price reaches $4,620 but fails to break higher, short-term profit-taking may trigger a sell-off, pushing the price down to test support at $4,551–$4,555 (Previous high) to establish a base before resuming upward movement. Such pullbacks are considered buying opportunities.

**Sideways consolidation:**
The market may delay trading until Tuesday to await inflation data (CPI), with prices oscillating within the 4,550–4,600 range.

### General support and resistance levels

**Key supports (Support):**
- $4,551
- $4,520
- $4,500

**Key resistances (Resistance):**
- $4,600
- $4,610
- $4,620

These levels are derived from the historical gold price chart and should be used as risk management guidelines. Trading commodities and derivatives involves risks and may not be suitable for all investors.